Local news from Mexico state that the head of the Federal Electricity Commission (CFE), Enrique Ochoa Reza, signed a Memorandum of Understanding and Cooperation (MOU) with the French energy company Engie, and Letter of Intent with the French Development Agency (AFD).
The Mexican entity, property of the state notes that the objective of the memorandum is to exchange technological knowledge, experiences and best practices on activities of the gas industry and power generation.
As part of the visit of President Enrique Peña Nieto to France, the Commission states that this exchange will happen through workshops, training sessions and visits of technical personnel from both entities to CFE facilities and Engie.
Also, in a statement, he said that the Letter of Intent aims to kick-start projects aimed at reducing technical and non-technical losses in electricity distribution in the Mexican grid.
The agreement includes the basis for developing a new geothermal unit in Los Humeros in Puebla, which would allow these projects to be partly financed with 100 million euros.
More details of the possible financing by the AFD to the CFE, such as the interest rate and length of the term will be defined later in between the two entities.
Source: Diario Rotativo