Iberdrola to invest in new plant in Nuevo Leon

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Spanish firm Iberdrola will invest US$600 million on a new plant in Nuevo Leon, said the Executive President of the firm, Ignacio Galan. He pointed out that this is possible thanks to the continuously growing demand for electricity in Mexico. The plant will run on natural gas combined cycle, explained a press officer in a phone statement. The Company inaugurated the Dulces Nombres II central last November. This is a plant of 300 megawatt (MW) combined cycle, which had a US$250 million investment. Mr. Galan said that there are investment plans worth US$2 billion for the next five years.