CCC Norte-III power station

From Global Energy Monitor

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Part of the Global Gas Plant Tracker, a Global Energy Monitor and Center for Media and Democracy project.

CCC Norte-III power station, also known as Abeinsa Juárez N-III, is a 907-megawatt (MW) gas-fired power plant, operating in the state of Chihuahua, Mexico.[1][2]

Location

The map below shows the approximate location of the power station in Partido Iglesias - Ciudad Juarez, the state of Chihuahua, Mexico.

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Project Details

  • Sponsor: Abeinsa Juárez N-III, S. A. de C. V.[2]
  • Parent company: Macquarie Group (45.5%), InfraRed (35.5%), Invex (10%), Techint Engineering (9%)[3]
  • Location: Partido Iglesias - Ciudad Juarez, the state of Chihuahua, Mexico[4]
  • Coordinates: 31.6762, -106.4176 (approximate)
  • Gross capacity (under construction): 924 MW
    • Combined-cycle units 1-2: 453 MW per unit[1] (to start 2020)[2]

Background

The project was awarded a bridge loan on which it ultimately defaulted when the parent company Abengoa struggled financially and underwent an insolvency process in Spain.[5] Accordingly, the project was suspended as restructuring or potential sales were considered.[5] Carl Marks Advisors (CMA) determined the sale of Norte III would maximize value and moved forward with the process.[5] A joint bid from Macquarie Group and Techint Engineering & Construction was chosen as the most viable path for Norte III to reach commercial operations in 2017.[5] In March 2018, Macquarie Group sold 45.5% of their total equity interest in Norte III to InfraRed (35.5%) and Invex (10%).[6]

In June 2020, construction of the Norte III combined cycle power plant by Techint Engineering & Construction-Macquarie Capital consortium was completed and commercial operations had begun.[7]

Articles and Resources

References

  1. 1.0 1.1 "38 CCC Norte III". Grupo Norte Energia. Retrieved August 21, 2020.
  2. 2.0 2.1 2.2 "TABLA DE PERMISOS DE GENERACIÓN E IMPORTACIÓN DE ENERGÍA ELÉCTRICA ADMINISTRADOS AL 30 DE ABRIL DE 2018" (PDF). Observatorio del Ecosistema de Innovación de las Energías Limpias. April 30, 2018.
  3. "Norte III Combined-Cycle Power Plant - NS Energy". www.nsenergybusiness.com. Retrieved 2021-06-23.
  4. Norte III Combined Cycle Power Plant, Chihuahua, Power Technology, accessed November 2019.
  5. 5.0 5.1 5.2 5.3 "Two-Pronged Sale Process for Power Plant Project – Carl Marks Advisors". www.carlmarksadvisors.com. Retrieved 2021-06-23.
  6. "Macquarie Capital sells 45.5% stake in power plant under construction in Ciudad Juarez - MEXICONOW". MEXICONOW. 2018-03-20. Retrieved 2021-06-23.
  7. "Norte III launches commercial operations". Retrieved 2021-06-23.