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Valladolid Gas Thermal IPP ProjectOur Company / Investment Projects

Valladolid Gas Thermal IPP Project MEXICO

In 2003, Chubu Electric Power Company (“Chubu”) acquired equity stake in a company to construct, operate, and maintain a natural gas combined-cycle (composite thermal) power plant with a 525MW output located in Valladolid, Yucatan in Mexico in a joint investment with Mitsui & Co., and Calpine Corporation.
In April 2006, Chubu and Mitsui & Co. acquired Calpine’s stake in the project.In this project, natural gas used to generate electricity is provided by Mexico’s energy authority based on a 25-year long-term power purchase agreement with the energy authority.
JERA succeeded to this project from Chubu in July 2016.

Project Outline

Company name
Compania de Generacion Valladolid, S. de R.L. de C.V

Valladolid, Yucatan, Mexico

Power output
525MW (as of September 2022)
Power generation method
Natural gas
Operating since
June 2006
JERA, Mitsui & Co.