TransCanada wins contract for $1 bln pipeline in Mexico

Reuters, 11/1/2012

TransCanada Corp said on Thursday its Mexican subsidiary has been awarded a contract to build, own and operate the El Encino-to-Topolobampo Pipeline by CFE, Mexico’s federal power company.

The Canadian pipeline operator expects to invest about $1 billion in the project, which is supported by a 25-year natural gas transportation service contract with the Comision Federal de Electricidad.

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