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17 Mar
16:58

CFE makes big savings in gas pipeline project

Mexico’s state-owned electricity utility, Comisión Federal de Electricidad (CFE), said on Wednesday that construction and development of the Laguna-Aguascalientes natural gas pipeline project will be 71% cheaper than anticipated. CFE awarded Mexican pipeline company, Fermaca, a $372.5 million contract to build and operate the infrastructure, and transport gas to its power plants for 25-years. CFE said the investment was originally estimated at $1.28…
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