The Federal Electricity Commission (CFE) will keep momentum in the construction of infrastructure to reduce the costs of generating power, said chief executive, Enrique Ochoa Reza.
During the Convention of the National Chamber of Electrical Manufacturers in Puerto Vallarta, Ochoa noted that this includes five new pipelines and the conversion of fuel plants to natural gas, and the addition of two new stations.
Accompanied by Under Secretary of Industry, Rogelio Garza, who represented President Enrique Peña Nieto at the convention, explained that seven power plants in Mexico operate on fossil fuels and will be converted to natural gas.
Noting new energy reforms will create new opportunities including using cleaner fuels, he reiterated the commitment of CFE to improve service by providing cleaner and cheaper energy.
Ochoa said the Federal Electricity Commission has nine projects underway to modernize the production and distribution of power throughout the country, reducing the technical and non-technical loss of energy during the process of generating and delivering.
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Mexico currently has a 15% loss of energy during production and delivery, compared to other nations recording a 6% average loss.
Recent energy reform that will open Mexico’s oil and energy industry to private investments will likely present CFE with competition in the energy sector.
CFE is a Mexican state power company engaged in the generation, transmission, distribution, and sale of electric power. The vertically-integrated company distributes power to close to 37.8mn clients who represent more than 100mn residents through a T&D network that stretches over 752,000km. CFE is also a decentralized government agency responsible for the development, construction, operations and maintenance of Mexico’s electricity system.