Mexico: Cemex plans to develop a wind power project in Nuevo Leon state, Mexico with an investment of US$600m, according to chairman and CEO Lorenzo Zambrano. The project will consist of two wind farms that cost US$300m each, which could be installed within two years.
Cemex will use at least 10% of the power output and has identified potential customers that could purchase the remainder. The complex, dubbed Las Ventikas, is expected to generate energy savings of US$15m/yr for the company. Cemex could also install wind farms for its operations abroad, for example in the Philippines, where it is seeking a government permit for a project of this type.