Wednesday, May 13, 2009

TransCanada awarded contract to build Guadalajara pipeline in Mexico

CALGARY, Alta. - TransCanada Corp. has been awarded a contract to build, own and operate a US$320 million pipeline in Mexico. The project is supported by a 25-year contract for its entire capacity with Comision Federal de Electricidad (CFE), Mexico’s state-owned electric company.
The proposed Guadalajara Pipeline will follow a 193-mile route from a liquefied natural gas terminal under construction near Manzanillo on Mexico’s Pacific Coast to Guadalajara, the second largest city in Mexico. The 30-inch pipeline will be capable of transporting 500 million cubic feet a day (MMcf/d) of natural gas. The majority of the capital expenditures are expected to be made in 2010 with a targeted in-service date of March 2011.
“The Guadalajara Pipeline project builds on TransCanada’s excellent working relationship with CFE,” said Hal Kvisle, TransCanada president and chief executive officer. “With Mexico’s growing reliance on natural gas and TransCanada’s proven success in building, owning and operating Mexican pipelines, the Guadalajara Pipeline offers an excellent opportunity for TransCanada to expand its footprint in Mexico.”

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