Grupo Dragon wants to partner with CFE on geothermal power - report

May 25 (SeeNews) - Mexican energy services firm Grupo Dragon is interested in associations with state-run power utility Comision Federal de Electricidad (CFE) on geothermal projects in operation, local daily El Economista reported on Friday.

The company is also willing to compete on its own for exploration permits and 30-year concessions, CEO Jose Pablo Fernandez told the daily.

The government is reviewing a list of geothermal assets which CFE has asked to retain. Some of the fields will be reserved for the utility, while others will be offered to private investors. Reportedly, CFE is expected to retain one half, or about 450 MW, of the operating geothermal capacity.

In January, Grupo Dragon put on stream a 5-MW geothermal plant in San Pedro Lagunillas, Nayarit state, whose installed capacity will be doubled in the next days and then increased to 25 MW in 2016 and 50 MW in two years.

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Diana Hristova is our expert for Latin America. She has spent several years following the diverse industries in the region, the energy sector most of all. Now Diana is exploring Latin America’s huge wind, solar, geothermal and hydropower potential.

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