Mexico City, Mexico — A Chinese firm has expressed interest in modernizing the electricity grid throughout Mexico and is expected to enter into tenders next year.
Currently, the company PowerChina works with CFE on improving its hydroelectric plants. However, by 2018, PowerChina is expected to enter into tenders to modernize the electric transmission in the country.
In 2018, the launching of the first tenders for the modernization of the electricity transmission network in Mexico is expected and PowerChina, an infrastructure company that has capital from the Chinese government, wants to be in charge of developing these projects.
For this project, Cintia Angulo de Leseigneur has been name vice president. She is currently Country President and General Director of Alstom Mexicana, a position she has maintained since 2006 before arriving from France where she served as President of Electricity of France (EDF) from 1994 until her arrival in Mexico.
“PowerChina is the most important infrastructure company in China and one of the largest in the world. But they are also an investor and financier, which gives us a very competitive profile in the Mexican market where the investment schemes changed as a result of the reforms,” she explained.
The first project of the Asian firm, Angulo said, is to participate in the tender of the high voltage direct current transmission system in Mexico that goes from Oaxaca to the center of the country, which has an investment of $2 billion USD.
“We will participate with a part of the capital, but we will also look for Asian or European partners to enhance the project we will present,” explained Angulo.
Currently, the executive said PowerChina also works with the CFE to improve their hydroelectric plants where they have experience, as well as being in the private sector with the construction of industrial parks, another of the company’s specialties.