The funds were granted as "a partial settlement for the extra work performed on the project" that was completed last year, according to a statement by ICA. An additional $1.04 billion was granted last year to the company by the Mexican government when the project was completed.
La Yesca is currently the world's second-largest hydroelectric project with a capacity of 750 MW, located on the Santiago River in the eastern portion of the country.The project includes a 210-meter-tall concrete faced rockfill dam, a basin of 12 million cubic meters, and an underground powerhouse containing two 375-MW turbine-generators, supplied by Russian equipment supplier Power Machines.
Owned by Mexico's Comision Federal de Electricidad (CFE), the project was first proposed in 2006 and construction began in 2008.
Development of the project, which is one of Mexico's largest infrastructure projects, was reported as a part of CFE's plan to increase the country's generating capacity by 27,000 to a total 69,000 MW by December 2016.