Mexico CFE to consider partners for geothermal fields

July 27 (SeeNews) - Mexican state-run utility Comision Federal de Electricidad (CFE) said on Sunday it will look for private investments as part of new schemes for development of geothermal power projects in the country.

The company, which last week obtained five geothermal concessions and 13 permits for exploration, invited local and foreign investors to start talks and define the new schemes. The concessions include Cerritos Colorados, which will produce 25 MW, as well as Cerro Prieto, Los Humeros, Los Azufres and Tres Virgenes, already in operation with 874 MW installed.

The company reminded the recent completion of the 50-MW Los Azufres III Phase I plant that will produce 394.2 GWh a year in the Michoacan state, saving 177,500 tonnes of greenhouse gas emissions. The plant was built by Diamante Azufres SA de SV, while in November CFE will award the construction of the next plant in this area, Los Azufres III Phase II, with a capacity of 25 MW.

The utility is working on 14 renewable energy projects totaling over 2,500 MW, including six geothermal projects.

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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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