TransCanada Corporation continued rebalancing its assets in the wake of the Obama administration’s rejection of its proposed Keystone XL pipeline, securing a US$336-million contract to expand its presence in Mexico even as it hangs ‘For Sale’ signs on other holdings there.
The company’s Mexican subsidiary, Transportadora de Gas Natural de la Huasteca, won the contract to build and operate a 420-kilometre gas pipeline to supply generating stations in the north-central states of Hidalgo and San Luis Potosi, El Daily reports.
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TransCanada has five other projects under way in different parts of the country. Last month, however, the company announced it would sell up to 49% of its interest in those holdings, along with wind and hydropower assets in New England and fossil facilities in three U.S. states, to help finance its US$10.2-billion acquisition of Columbia Pipeline Group Inc.
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