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Iberdrola S.A. Awarded 300 MW Combined-Cycle Power Plant Project in Baja California, Mexico

   Iberdrola S.A. Awarded 300 MW Combined-Cycle Power Plant Project in Baja
                              California, Mexico

PR Newswire

NEW GLOUCESTER, Maine, Jan. 24, 2014

NEW GLOUCESTER, Maine, Jan. 24, 2014 /PRNewswire/ --Iberdrola USA parent
company, Iberdrola S.A. has been awarded a contract for the construction and
operation of the 300 megawatt (MW) Baja California III combined-cycle power
plant in Mexico. Work on the $270 million plant and associated facilities will
begin in April 2014 with commercial operation planned for August 2016.

Iberdrola won the bid through an international tender process which also
included a 25-year power purchase agreement with the Mexican Federal
Electricity Commission (CFE). CFE also will supply the natural gas to fuel the
new plant's two GE turbines.

With this contract, Iberdrola, which already has an operating capacity of more
than 5,200 MW in Mexico, consolidates its position as the country's largest
private electricity producer and the second largest producer in Mexico, after
the state-owned CFE.

Iberdrola has been a leading energy producer in Mexico since 1998, and
considers it, along with Brazil, as strategic locations for Latin American
business growth. Between 2012-2014 Iberdrola plans to invest approximately
€2.4 billion in the region - about ¼ of Iberdrola's worldwide investments of
€10.5 billion.

Iberdrola generation in Mexico

               Name                Capacity (MW) Status
Combined Cycle Tamazunchale        1,135         In operation
               El Golfo            1,121         In operation
               Monterrey           1,040         In operation
               Altamira            1,036         In operation
               La Laguna           535           In operation
               Enertek             120           In operation
               Baja California III 300           August 2016
               Subtotal            5,287
Wind           La Ventosa          102           In operation
               La Venta III        102           In operation
               Bii Nee Stipa       26            In operation
               Subtotal            230
               Total               5,517 MW

About Iberdrola S.A. – With 31,000 employees, 45,000 megawatts of installed
capacity and more than $40 billion in market capitalization, Iberdrola is one
of the world's largest electricity companies and a global leader in renewable
energy. It serves a population of 100 million, with a special focus on Spain,
the UK, the U.S., Brazil, and Mexico. www.iberdrola.com.

About Iberdrola USA –  Iberdrola USA holds all U.S. operations of its parent,
Iberdrola S.A. Our companies provide renewable and thermal electricity
generation, electricity transmission & distribution, natural gas storage &
distribution, and renewable energy operations & services in 24 states
stretching from New England to the West Coast. With $30+ billion in assets and
nearly 5,000 employees, Iberdrola USA is one of the largest, most diversified
energy companies in the U.S. www.iberdrolausa.com

SOURCE Iberdrola USA

Website: http://www.iberdrolausa.com
Contact: John Carroll, John.Carroll@IberdrolaUSA.com, 207.688.4339
 
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