Mexican CFE to invest USD 1bn in grid for wind plants - report
May 26, 2014 - Mexican state-owned utility Comision Federal de Electricidad (CFE) will invest over USD 1 billion (EUR 733.1m) in power lines for future wind farms in Oaxaca, Tamaulipas and Baja California states within five years, local news site Mexican Business Web reported last week.
The projects represent an additional 4,600 MW for the national network, an increase of 7.5%, according to energy regulator CRE.
CFE will provide the capital, while the wind power operators will pay the utility in the long term, Alejandro Peraza from the regulator was quoted as saying.
In Oaxaca, CFE will install a grid of 700 km (435 miles) from the Tehuantepec isthmus to Morelos state for a capacity of 2,620 MW, while Tamaulipas will add 1,600 MW. The projects in Baja California will depend on plans to interconnect the peninsula to the national network.
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.