TransCanada Places Topolobampo Pipeline Into Service
17 July 2018 - 1:00AM
Media Advisory – TransCanada Corporation (TSX:TRP) (NYSE:TRP)
(TransCanada) today announced its Topolobampo Pipeline project has
been placed into service in northern Mexico, providing capacity for
670 million cubic feet of natural gas per day to markets in the
states of Chihuahua and Sinaloa. The project represents an
investment of approximately US$1.2 billion and provides the
upstream interconnection with the company’s Mazatlan Pipeline.
The project involved the construction of approximately 560
kilometres (348 miles) of 30-inch diameter pipeline from El Encino,
near the city of Chihuahua, to Topolobampo, near the city of Los
Mochis, Sinaloa. Combined, the Topolobampo and Mazatlan pipelines
form a system that adds over 870 kilometres (540 miles) of critical
energy infrastructure that will play a fundamental role in
providing natural gas to power plants, industrial and urban markets
for the economic development of the northwest region of Mexico.
"The completion of the Topolobampo and Mazatlan pipeline system
is an important milestone for TransCanada as we continue to expand
our portfolio to deliver natural gas to serve Mexico’s electric
generation needs. We are developing the infrastructure to feed new
power plants and convert existing fuel oil and diesel power plants,
thereby reducing both the cost of electricity and greenhouse gas
emissions,” said Robert Jones, president, TransCanada Mexico. "We
are proud of the way we overcame technical challenges and completed
this difficult project safely."
The construction of the Topolobampo Pipeline presented some of
the most demanding construction challenges in the country given the
geography along the route, including crossing the Tarahumara
mountain range near the Copper Canyon in the state of Chihuahua.
TransCanada used innovative techniques such as a raised bore to
cross the extreme steep cliff faces and air cranes for transporting
pipes to remote locations along the route.
Over the course of construction, the project employed nearly
3,500 employees and contractors and achieved over 10 million
man-hours without a lost-time incident. Throughout the course of
the project, TransCanada worked closely with landowners and local
officials to ensure they were an important part of the development
and construction process. This project was one of the first
projects in Mexico to include federal government-led Indigenous
consultations with impacted communities.
TransCanada’s presence in Mexico dates back to the mid-1990s
with the construction of the first two privately owned pipelines in
the country. The company’s natural gas pipelines in Mexico – either
in operation or under construction – now total over 3,190
kilometres (1,982 miles) with a capacity of 7.1 billion cubic feet
per day and an investment of approximately US$5.6 billion.
With more than 65 years' experience, TransCanada is a leader in
the responsible development and reliable operation of
North American energy infrastructure including natural gas and
liquids pipelines, power generation and gas storage facilities.
TransCanada operates one of the largest natural gas transmission
networks that extends more than 91,900 kilometres (57,100 miles),
tapping into virtually all major gas supply basins in North
America. TransCanada is a leading provider of gas storage and
related services with 653 billion cubic feet of storage capacity. A
large independent power producer, TransCanada currently owns or has
interests in approximately 6,100 megawatts of power generation in
Canada and the United States. TransCanada is also the developer and
operator of one of North America’s leading liquids pipeline systems
that extends approximately 4,900 kilometres (3,000 miles),
connecting growing continental oil supplies to key markets and
refineries. TransCanada’s common shares trade on the Toronto and
New York stock exchanges under the symbol TRP. Visit
TransCanada.com to learn more, or connect with us on
social media.
FORWARD-LOOKING INFORMATION
This publication contains certain information that is
forward-looking and is subject to important risks and uncertainties
(such statements are usually accompanied by words such as
"anticipate", "expect", "believe", "may", "will", "should",
"estimate", "intend" or other similar words). Forward-looking
statements in this document are intended to provide TransCanada
security holders and potential investors with information regarding
TransCanada and its subsidiaries, including management's assessment
of TransCanada's and its subsidiaries' future plans and financial
outlook. All forward-looking statements reflect TransCanada's
beliefs and assumptions based on information available at the time
the statements were made and as such are not guarantees of future
performance. Readers are cautioned not to place undue reliance on
this forward-looking information, which is given as of the date it
is expressed in this news release, and not to use future-oriented
information or financial outlooks for anything other than their
intended purpose. TransCanada undertakes no obligation to update or
revise any forward-looking information except as required by law.
For additional information on the assumptions made, and the risks
and uncertainties which could cause actual results to differ from
the anticipated results, refer to the Quarterly Report to
Shareholders dated April 26, 2018 and 2017 Annual Report filed
under TransCanada's profile on SEDAR at www.sedar.com and with the
U.S. Securities and Exchange Commission at
www.sec.gov.
Media Inquiries: Grady Semmens 403.920.7859 or
800.608.7859
TransCanada Investor & Analyst
Inquiries:David Moneta / Duane Alexander403.920.7911 or
800.361.6522
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