MMEX Resources Corp. enters into Solar Power plan for refinery project
FORT STOCKTON, TEXAS – MMEX Resources Corp. a development-stage company focusing on the acquisition, development and financing of oil, gas, refining and infrastructure projects in Texas and South America, announced it intends to develop a solar power project to provide electric power to its planned 10,000 barrel-per-day (BPD) crude distillation unit and its full-scale crude oil refinery in Pecos County near Fort Stockton, Texas.
“We are pleased to announce an add-on of solar power to our business plan. We have formed MMEX Solar Resources, LLC and filed the trademark (above) to develop a solar power project to potentially supply solar power renewable energy to our refinery projects in Phases 1 and 2," Jack W. Hanks, President, and CEO of MMEX Resources Corp. said. "We already own 126 acres in our site, and with an approximate industry configuration of four acres to build out one megawatt (MW) of solar power, we have ample space to start an initial solar phase alongside
Hanks added that Pecos County, Texas and the Permian Basin, generally, have great metrics for solar power, noting that other firms are also focusing on solar power in West Texas. A recent announcement from the LCRA-AEP Texas has been made for upgrading transmission capabilities in Pecos County. On June 25, 2018, the companies announced to landowners:
“The transmission utilities are proposing to build and operate a new double-circuit 345-kilovolt (kV) electric transmission line in Pecos County due to increased 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.”
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