Abengoa and Enel were jointly selected by Pemex to develop a 517 MW cogeneration power plant in Mexico, located close to Salina Cruz (Oaxaca) at the Antonio Dovali Jaime refinery owned by Pemex Refinacion, a subsidiary of the state-owned Pemex. The project investment has been estimated by Abengoa at US$ 950 million.
The cogeneration process simultaneously produces electricity and thermal power from a single fuel source, such as natural gas, using the heat that would otherwise be lost. This improves its thermal efficiency or results in higher heat values, as well as significantly reducing carbon dioxide emissions.
The objective of Abengoa and Enel's project is to develop a plant that generates competitive, stable and sustainable power, helping the Mexican government to fulfill its commitment to reduce greenhouse gas emissions by around 50 percent by 2050.
The Enel Group operates in Mexico through its subsidiary Enel Green Power (EGP), a company devoted to the generation and development of renewables.