MMEX Resources Corp., a company focusing on the acquisition, development and financing of oil, gas, refining and infrastructure projects in Texas and South America, intends to develop a solar project to provide electric power to its planned 10,000 barrel-per-day crude distillation unit (CDU) and its full-scale crude oil refinery in Pecos County, Texas.
Jack W. Hanks, president and CEO of MMEX Resources Corp., explains, “We have formed MMEX Solar Resources LLC and filed the trademark to develop a solar power project to potentially supply solar power renewable energy to our refinery projects in Phases 1 and 2.
“We already own 126 acres in our site, and with an approximate industry configuration of four acres to build out 1 MW of solar power, we have ample space to start an initial solar phase alongside of our CDU Phases 1(a) and (b) construction. In addition, we have entered into preliminary discussions to lease additional acreage allowing us to develop an additional 75 MW to 100 MW of solar power. Our planned refinery complex will utilize about 2 MW of power in Phase1(a) and (b) and about 35-50 MW in Phase 2. We believe the remainder of the power can be sold into the grid.”
Hanks adds that Pecos County and the Permian Basin generally have great metrics for solar power.
Recently, the Lower Colorado River Authority (LCRA) and American Electric Power (AEP) Texas announced an agreement to upgrade transmission capabilities in Pecos County.
On June 25, the companies made the following announcement to landowners, says MMEX:
“The transmission utilities are proposing to build and operate a new double-circuit 345 kV electric transmission line in Pecos County due to increasing generation interconnection requests and growth in electrical demand by the oil and gas industry in the far-west Texas area. The new transmission line will connect AEP Texas’ existing Solstice Substation to LCRA TSC’s existing Bakersfield Substation in order to strengthen the ability of the electric grid to reliably deliver electricity to oil and gas production and processing in the far-west Texas area, along with other expanding commercial and residential needs. The proposed transmission line will also provide additional capacity for renewable power generation resources in Pecos County and the surrounding area. LCRA TSC will construct, own and operate the eastern half of the transmission line, and AEP Texas will construct, own and operate the western half of the transmission line.”