TransCanada to build natural gas pipeline in Mexico

TransCanada Corp. said recently it was awarded a contract to build and operate the Tuxpan-Tula natural gas pipeline in Mexico.

The pipeline project also includes a 25-year natural gas service contract with the Comision Federal de Electricidad.

The Tuxpan-Tula Pipeline will allow TransCanada to continue to develop power resources in Mexico. TransCanada said it will invest $500 million in the pipeline, which will be 36 inches in diameter and 155 miles long. TransCanada said the pipeline is expected to be up and running by 2017.

"The Tuxpan-Tula Pipeline demonstrates our continued commitment to developing Mexico's energy infrastructure to meet the need for increased natural gas supply," TransCanada President and CEO Russ Girling said.

The pipeline is to start in Tuxpan, in Veracruz, and will run through the states of Hidalgo and Puebla. It is also set to power new power plants.

TransCanada owns and runs the Guadalajara and Tamazunchale pipelines in Mexico and will look to build additional pipelines in the future.

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