Mexico's CFE to launch geothermal round zero in Jan

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Thursday, December 11, 2014

Mexico's utility CFE will launch round zero for geothermal generation in January to determine which projects will be developed by the state-owned firm and which will be auctioned off to the private sector.

The utility may also establish alliances with the private sector to increase the country's renewable generation capacity, CFE chief executive Enrique Ochoa Reza was quoted by local media as saying.

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CFE continues to advance in reshaping itself a state productive entity by 2015, with its new internal structure expected to be unveiled, including its subsidiaries, in the second half of the year, he said during the presentation of the World Economic Forum's Global Energy Architecture Performance Index report in Mexico City.

The creation of Mexico's wholesale electricity market, as outlined in the energy reform, will take place in December 2015, coming into effect from 1 January, 2016, he added.

The process of transforming Mexico's electricity sector began this year with the launching of the first tenders for a total of 23 infrastructure projects expected to attract US$8.6bn in investment, he said.

In August, CFE announced details of 16 energy infrastructure projects valued at US$4.9bn, 73% of which, or US$3.56bn, will be financed by the private sector.

The works seek to reduce CFE's technical and non-technical energy losses, and increase savings by switching from fossil fuels to natural gas in power generation.