MXN1USD0058 Mexico to host first transmission auction in early 2016 Mexico will

Mxn1usd0058 mexico to host first transmission auction

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(MXN1=USD0.058) Mexico to host first transmission auction in early 2016 Mexico will launch its first ever electricity transmission tender in early 2016, to offer 1,230 km of lines to connect the Tehuantepec isthmus with the country’s central region. The energy ministry aims to add 25,000 km of transmission lines and achieve investment of USD13.4 billion over the next 15 years. Mexico’s national power utility CFE will be able to form partnerships with private firms in order to procure the necessary funds to channel into the expansion of the grid. In another development, the energy ministry of the country and agrarian development ministries have signed a collaboration agreement to facilitate land-use negotiations for the oil and gas, and electricity industries, in order to speed up the construction of energy projects. The agreement seeks to ensure a balanced agreement between both sides in such negotiations and thus to widen the cooperation within Mexico’s energy reform. Mexican CFE to be restructured According to the energy ministry Sener, Mexico’s state utility CFE will create transmission, distribution, supply and generation subsidiaries, each of which will be managed separately. The restructuring of the utility is stipulated by the electricity industry law, implemented as part of Mexico’s energy reform, allowing the CFE to participate in the country’s newly created wholesale power market. In addition to the subsidiaries listed above, the CFE will be allowed to create more subsidiaries as it deems necessary, to boost its potential in the new market competition, and the new firms will include at least four generation subsidiaries. The separation of the various subsidiaries will ensure that all of the CFE’s generation and supply firms will have open access to the national transmission and distribution grid, which is key to eliminating barriers to the construction of new power stations and attracting investment to the sector. Colombian ISA completes La Reforma substation Colombian energy firm Interconexion Electrica (ISA) has put its 230 kV La Reforma substation into operation, which will supply electricity to the Meta and Cesar departments. The substation will provide greater security to the local electricity grid and will reduce service restrictions. A subsidiary firm of ISA, Intercolombia is in charge of operating and maintaining the transmission line and ISA will receive an annual income of USD514,869 from the substation. In addition, ISA has also begun the construction works of Copey substation in the Cesar department. ISA wins contract in Ecuador ISA has been awarded the contract for the construction of a transmission line and substation in Duran for strategic public company Corporacion Electrica del Ecuador. This is the second energy project of the company in this country, where it already participates in the consortium developing the Cuatro Rios de Cuenca Tram.
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  • Fall '10
  • BOB
  • Electric power transmission, Electricity distribution, Electricity market, CFE, Federal Energy Regulatory Commission

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