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TransCanada JV wins $2.1 bln gas pipeline contract in Mexico

Published 2016-06-13, 02:22 p/m
© Reuters.  TransCanada JV wins $2.1 bln gas pipeline contract in Mexico
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TRP
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June 13 (Reuters) - TransCanada Corp TRP.TO said on Monday
that it won a contract with a joint venture partner to build and
operate a $2.1 billion natural gas pipeline in Mexico.
The company's joint venture with IEnova, a unit of Sempra
Energy SRE.N , won the bid for the Sur de Texas-Tuxpan project,
in which TransCanada will own 60 per cent, with IEnova owning
the rest.
TransCanada expects to invest about $1.3 billion in the
partnership to build the 800 km (497 mile) pipeline, which is
expected to come into service by late 2018.

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