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Our Business / Investment ProjectsValladolid Gas Thermal IPP Project

Investment Projects

Valladolid Gas Thermal IPP Project

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 March 2018)
Power generation method Combined-cycle
Fuel Natural gas
Operating since June 2006
Investors JERA, Mitsui & Co.