9/06/2006

20 firms register for La Yesca hydro project - Mexico

CFE: 20 firms register for La Yesca hydro project

Published: Tuesday, September 5, 2006 16:18 (GMT -0400)

Mexico's state power company CFE reported 20 firms have registered to build the US$800mn-1bn, 750MW La Yesca hydro project in Jalisco and Nayarit states.

Federal procurement website Compranet shows the companies registered are: Mitsubishi; Isa Ingerniería; Gusta Infraestructura; Power Machines; Techint; Condux; ICA (NYSE, BMV: ICA); General Electric (NYSE: GE); Promotora del Desarrollo de América Latina; Sinohydro; Alstom; México Constructora Industrial; Construcciones y Trituraciones; OHL; Deacero; La Peninsular; Andrade Gutiérrez; Tradeco Infraestructura; Va Tech Escher Wyss; and CNO.

CFE also announced it has extended the deadline to submit offers to October 12 from September 28.

The project will have a 210m retaining wall volume of 12 million cubic meters of water. Construction will take a little over four and a half years.

La Yesca will be built under CFE's financed public works model and the winner of the bidding process can access a development bank loan to help cover project investments.

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