Mexico awards geothermal energy sites to CFE

July 24 (SeeNews) - Mexico's energy ministry on Wednesday awarded five geothermal concessions and 13 permits for exploration to national power utility Comision Federal de Electricidad (CFE).

The company will study geothermal resources for 448 MW in the states of Baja California, Michoacan, Nayarit and Puebla, while the five reserved fields are Cerro Prieto, Tres Virgenes, Los Azufres, Los Humeros and Cerritos Colorados, located in Baja California, Baja California Sur, Michoacan, Puebla and Jalisco, respectively. The assigned areas allow the company to increase its geothermal power output by 50%.

Thus, private investors will have the opportunity to develop some 5,000 MW of probable geothermal resource in the country, according to deputy minister of planning Leonardo Beltran. The private sector could form alliances with CFE too.

Until now, Mexico has developed less than 7% of its geothermal potential, estimated at 13,400 MW, the government said.

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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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