ICA Fluor, the industrial engineering company jointly owned by Fluor Corporation and Empresas ICA Sociedad Controladora, has announced the signing of a contract for the construction of a combined-cycle power plant in Altamira, Tamaulipas, Mexico. The contract was awarded by Iberdrola Energía SA, a subsidiary of Spain’s Grupo Iberdrola. The total investment in the project will be approximately USD 570 million including the land, financing costs, generation equipment, and engineering, procurement and construction (EPC). The ICA Fluor contract includes only the EPC portion of the project. The Altamira V generation plant will have a capacity of 1180 MW. The contract is a 36-month, lump-sum, turn-key project that involves engineering, procurement, construction and start-up services. The project is scheduled for completion in November 2006.
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