Thursday, December 02, 2021

NEWS

Mexico to invest one billion dollars in hydroelectric plants

Mexico to invest one billion dollars in hydroelectric plants

Mexico, Jul 15 (Prensa Latina) The Federal Electricity Commission (CFE) will invest one billion dollars to rennovate the country's 14 hydroelectric power plants, the state-owned company announced in a press release on Thursday.
Share on facebook
Share on twitter
Share on whatsapp
Share on telegram
Share on email

The text states that CFE Deputy Director of Administration Miguel López revealed that the modernization of such plants will be carried out through an innovative financial mechanism which will allow the company to access financing at preferential rates.

He informed that, according to the Comprehensive Plan for the Modernization of Hydroelectric Power Plants, they will invest one billion dollars in the facilities which have decreased their reliability and the useful life of their equipment, such as turbines, generator and transformer.

The head of the Energy Secretariat, Rocío Nahle García, and the general director of the CFE, Manuel Bartlett Díaz, said that with this strategy the federal government will increase annual generation by 1,860 gigawatt-hours.

They explained that the 14 plants to be modernized will be reopened no later than the first quarter of 2024. The plan seeks to take advantage of the existing infrastructure and historical investment, in addition to avoiding new plant costs, construction time and socio-environmental problems.

jg/abo/jcm/lma

RELATED
ÚLTIMO MINUTO
name of Prensa Latina

| Text SMS to 8100 with content PL
Receive 4 mesages x 25 cup

© 2016-2021 Prensa Latina
Latin American News Agency

Radio – Publications  – Videos – News by the minute.
All Rigts Reserved.

St. E No 454 , Vedado,  Habana, Cuba.
Phones: (+53) 7 838 3496, (+53) 7 838 3497, (+53) 7 838 3498, (+53) 7 838 3499
Prensa Latina © 2021 .

Web Site developed by IT Division  Prensa Latina.