Monterrey, N.L., México, September 10, 2019

Alpek, S.A.B. de C.V. (“Alpek”) announced today that it has met all the legal dispositions required by the Comisión Federal de Electricidad (CFE) and Centro Nacional de Control de Energía (CENACE), to begin commercial operations at Cogeneración de Altamira S.A. de C.V., its 350MW electric power cogeneration plant in Altamira, Mexico. The plant will officially start its commercial operations as of 00:00 hours on September 11, 2019. 

Alpek has now met all the regulatory requirements needed for the sale of its two power cogeneration plants. Having done so, Alpek has now moved to close the transaction, which it expects to finalize in the upcoming days.