Mexico

ContourGlobal acquired two highly efficient combined heat and power (“CHP”) plants in Mexico in 2019. The two CHP plants provide electricity and steam under medium and long-term contracts to high-quality private counterparties.

CELCSA, located in Cosoleacaque, Veracruz, has a capacity of 104MW and entered into commercial operations in December 2014. It provides power and steam to Alpek’s adjacent petrochemical plants (subsidiaries of Alfa S.A.B. de C.V.) under long-term agreements, with excess power output supplied to large industrial and commercial off-takers in Mexico through medium and long-term agreements. CELCSA is one of the most efficient CHP plants in Mexico.

CGA is located in Altamira, Tamaulipas and has a capacity of 414MW. CGA entered into commercial operations in the third quarter of 2019. Like our other facility in Mexico, CGA is adjacent to a petrochemical plant owned by Alpek that receives steam under a long-term supply agreement. Excess power output is supplied to a diversified portfolio of commercial and industrial off-takers through medium and long-term agreements.

CELCSA and CGA are classified as clean energy technologies in Mexico, a regulatory framework that recognizes the facilities’ superior operating efficiency compared to conventional gas and liquid fired generation.