Mexico's IEnova will invest $800 million in 2017 on eight projects: CEO

MEXICO CITY (Reuters) - Mexican energy infrastructure firm IEnova , a unit of U.S.-based Sempra Energy (NYSE: SRE), will invest $800 million this year on eight projects, the company's chief executive said on Monday.

Carlos Ruiz Sacristan said the most important project is an underwater pipeline between Texas and the Mexican Gulf port of Tuxpan. That project will require a total investment of $2 billion, and will be developed with TransCanada Corp. (NYSE: TRP)

Speaking at an event at Mexico's stock exchange, he said IEnova will invest $500 million in the pipeline project.

(Reporting by Roberto Aguilar; Editing by James Dalgleish)

You May Also Be Interested In

• ONCOR TO RELEASE FIRST QUARTER 2024 RESULTS MAY 7
• Honda to invest $808 million in Brazil by 2030
• Analysis-Political heat prods Japan, South Korea to team up on weak currencies