IBERDROLA INGENIERÍA AWARDED $16 3 MILLION CONTRACT TO BUILD A SUBSTATION AND TRANSMISSION LINE IN MEXICO
This turnkey project in the state of Sonora is scheduled for completion within a year- The IBERDROLA subsidiary regards Mexico, where it has already built around 40 electricity substations and over 1,615 km of transmission lines, as key to its development.
- This latest contract, awarded by Mexicos Federal Electricity Commission (CFE), is in line with the companys strategy to expand its international presence and secure contracts from third parties.
IBERDROLA Ingeniería y Construcción has been awarded a $16.3 million contract to build a substation and a 10.9 km underground transmission line in the Mexican state of Sonora.
This turnkey project, awarded by the Mexican Federal Electricity Commission, is scheduled for completion within a year.
This contract underlines the companys commitment to Mexico, which has become key to its international expansion. IBERDROLA Ingeniería has already built around 40 electricity substations in this country with an installed capacity of some 2,000 mega volt amperes (MVA) and transformation capacity of 400, 230 and 115 kilovolts (kV), as well as over 50 transmission lines covering over 1,615 km.
The voltage of the underground line awarded by the CFE is 115 kV and the 115/13.8 kV associated substation has a capacity of 30 MVA. The site will have two high-voltage feeders, six medium-voltage feeders and 5.7 km of trunk lines.
The CFE-803 contract to build substations and transmission lines in the states of Chihuahua and Nueva León is one of the most significant distribution projects given its size and complexity. Particularly noteworthy is the Monterrrey Technological substation, which, with 19 115 kV and eight 400 kV bays, make it one of the largest SF6-encapsulated facilities of its kind in Latin America.
Also in Mexico, the company has built the largest combined cycle power plant in Latin America in Tamazunchale with installed capacity of 1,15 MW. It has also built the La Venta II wind farm for the CFE and the La Ventosa facility for IBERDROLA Renovables. Another major project in this country is the repowering of the Laguna Verde nuclear plant to boost output by 20% from 675 MW to 817 MW.
IBERDROLA Ingeniería is currently developing projects worth over €800 million in Latin America in the nuclear, renewables and electricity transmission and distribution networks sectors. The company is primarily involved in projects in Mexico, Brazil and Venezuela.
IBERDROLA Groups technological base
IBERDROLA Ingeniería y Construcción has grown to become one of the world's leading energy engineering companies and the groups technology cornerstone, a distinctive role that has put the company at the forefront of innovation in the international energy sector.
Created in 1995 to group together and strengthen IBERDROLA's engineering and construction activities, the subsidiary has seen enormous changes: its workforce has grown twelve-fold to 2,400 (of whom 83% hold five- or three-year degrees and 30% are women); output has increased 4.5 times over the last five years; the company's project pipeline has quadrupled and today its EBITDA is 3.2 times greater than when it was set up.
The company currently has projects in 25 countries and subsidiaries in 15, driving development as it opens new markets while clearly demonstrating the key role of international expansion in IBERDROLA's strategy. In fact, overseas contracts accounted for 90% of its €2.5 billion project pipeline at the close of 2008.
Furthermore, the company no longer provides services only to the IBERDROLA group and its subsidiaries. Today around 80% of sales are to third party companies.
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