Fermaca wins US$370 mln Mexico natgas pipeline contract -CFE

Mexico's national power company CFE on Wednesday said it had awarded a US$372.6 million natural gas pipeline contract to Mexico-based energy company Fermaca.

The deal is to build, operate and maintain a gas pipeline that will run through the states of Durango, Zacatecas and Aguascalientes, and which should begin operating in January 2018, CFE said in a statement.

CFE said it received bids from Fermaca and subsidiaries of TransCanada Corp. and IEnova.