Mexican utility verifies very first invesment in solar

• The Comisión Federal de Electricidad will spend around $342 million into two PV plants with a complete generation capacity of 350 MW at its geothermal center in Baja California. President Obrador, on the other hand, has actually described the previous regimen's Energy Reform program as a 'pillage plan.'

Mexican utility the Comisión Federal de Electricidad (CFE) has validated it will construct its initial huge scale photovoltaic projects, days after pv magazine exposed its plans to release 350 MW of solar generation ability at the business's 820 MW Cerro Prieto geothermal plant.

The Cerro Prieto II and also III solar plants will certainly cost MXN7.7 billion ($ 342 million), according to a record on the state-owned utility's web site.

The two-stage project-- Cerro Prieto II will have an ability of 150 MW and Cerro Prieto III 200 MW-- is meant to create electrical power for the Baja California peninsula. It is unclear whether the CFE will certainly finance or create the 1,081 ha solar project, which is meant to complete its first stage in the first fifty percent of 2023 and the 2nd throughout 2029.

The solar project was disclosed following an amazing memorandum released by head of state Andrés Manuel López Obrador to power market regulatory bodies.

Bribes

In the 17-point file, the head of state called the Energy Reform program of the previous government a "pillage policy" that was "based upon kickbacks supplied to a lot of lawmakers and, via media deceptiveness, to the population."

The head of state acknowledged the CFE as well as state-owned petroleum company Petróleos Mexicanos (Pemex) "must identify the agreements signed by the previous governments" yet included the caution: "... as long as they do not involve fraudulence versus public firms and also the nation."

In an additional impact to the domestic solar as well as wind sector, the president stipulated: "The nationwide electric system needs to be fed in this order: First, post the energy created in the hydroelectric plants to the circulation network; second of all, what is produced in other CFE plants; thirdly, personal wind or solar energy and at the end, combined cycle energy from personal companies."

Head of state Obrador additionally restated his need to reverse the state-owned fuel and also power companies, mentioning: "It is immediate to strengthen the modifications already started to rescue Pemex as well as the CFE, thinking about these public companies as calculated as well as vital for the independent as well as sovereign growth of our country."