iberdrola and cfe electricity and natural gas projectsIberdrola and the Mexican Federal Electricity Commission (CFE) have signed an agreement to develop electricity and natural gas projects.  The agreement was signed this week by Iberdrola CEO Ignacio Sanchez Galan and CFE director Enrique Ochoa Reza at a meeting in Mexico City.

The projects will focus on investments in more competitive and cleaner generation, storage of energy products and gas distribution.  Discussions between the two companies focused on Tamazunchale II, a combined-cycle generating project in the north-central state of San Luis Potosi as well as development of the grid, hydroelectric power projects and gas production.

Iberdrola, which has operated in Mexico for more than 15 years, is the largest privately owned electric utility in the country and trails only the CFE in size.  The Spanish energy company has assets totaling nearly $4 billion and generating capacity of 5,260 MW in Mexico, where it serves more than 15 million people.

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Mexico Infrastructure Projects Forum 2015 in Monterrey Nuevo Leon