What is the purpose and capacity of the floating gas power plant Mexico signed a deal for in the Yucatan peninsula?

The floating gas power plant, deployed by Turkish energy firm Karpowership in partnership with Mexico’s grid operator CENACE, is intended to boost electricity generation in the Yucatan peninsula and help prevent seasonal blackouts during peak demand. It will add 250 megawatts of generation capacity to Mexico’s 90-gigawatt national grid and operate for the next three years using fuel supplied by a separate liquefied natural gas (LNG) terminal ship.

Why is the Yucatan peninsula a priority for new electricity infrastructure in Mexico?

The Yucatan peninsula is one of Mexico’s fastest-growing electricity markets—with demand projected to rise 3.8% annually—and a major tourist hub including destinations like Cancun; it has historically experienced seasonal blackouts during peak demand periods, prompting the government to build new infrastructure to expand gas-fired electricity generation capacity there.

Mexico Signs Deal for Floating Gas Plant to Meet Yucatan Demand

May 18, 2026

Mexico signed an agreement with Karpowership to deploy a floating gas power plant fueled by an LNG terminal ship to boost Yucatan's grid capacity. The project will add 250 megawatts over three years to address seasonal blackouts in the region.

bloomberg

2026-05-18

Mexico Signs Deal for Floating Gas Plant to Meet Yucatan Demand

Mexico Signs Deal for Floating Gas Plant to Meet Yucatan Demand

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