San Diego-based energy company Sempra Energy has announced that its Mexican subsidiary - Infraestructura Energética Nova (IEnova) - has secured a $150 million (€128 million) contract for liquid fuels project from the Topolobampo Port Administration in Mexico.
Per the terms of the agreement, IEnova will construct and operate a marine liquid fuels terminalin Sinaloa, Mexico.
This latest project will operate as a receipt, storage and send-out terminal.
Per the deal, IEnova will conduct the entire development process of this terminal that includes obtaining customer contracts and permits, engineering, procurement and construction as well as providing financing services. It will also supervise the work related to operations and maintenance.
On completion, the first phase of the Topolobampo terminal will have a capacity to store 1 million barrels of petrol and diesel. IEnova expects to commence operations at the terminal in the fourth quarter of 2020.
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