Mexico's CFE reins in losses

Tuesday, July 29, 2014

Mexican state power company CFE posted a 13.9bn-peso (US$1.06bn) net loss for the first half of the year compared with a 35.5bn-peso net loss for same-period last year.

Operating losses fell to 7.39bn pesos from 24.1bn pesos and Ebitda rose 68.6% to 26.5bn pesos, the energy giant said in a statement.

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CFE attributed results to lower fuel consumption and greater hydroelectric generation.

Financials available here.

BNamericas will host its fourth LatAm Power Generation Summit in Santiago, Chile, on August 13-14. Click here to download the agenda.