August 27, 2016 7:49 AM ET

Electric Utilities

Company Overview of Comisión Federal de Electricidad

Company Overview

Comisión Federal de Electricidad generates, transforms, transmits, distributes, supplies, and markets electric energy for household and industrial customers in Mexico. The company generates electricity through thermoelectric, hydroelectric, coal-fired, geothermal, wind, and nuclear sources. It also operates generating plants; and power lines that transmits and distributes electric power. The company generates electricity through an installed capacity of 52,854 megawatts. In addition, it provides technical, engineering, calibration and metrology, and specialized training services, as well as lab, electrical, mechanical, chemical, field, and non-destructive testing services. Further, the compa...

Reforma 164

Col. Juárez

Mexico City, DF 06600

Mexico

Key Executives for Comisión Federal de Electricidad

Chief Executive Officer
Age: 44
Director of Finance
Accounting Manager
Deputy Director of Financial Control
General Director
Compensation as of Fiscal Year 2016.

Comisión Federal de Electricidad Key Developments

CFE Reports Earnings Results for the First Half of 2016

CFE reported earnings results for the first half of 2016. The company posted a MXN 107 billion (USD 5.6 billion) net profit, in sharp contrast to the MXN 35.6 billion loss it reported during the same period last year. The result was mainly due to a renegotiation of a work contract with its trade union (SUTERM) and workers, which concluded in May, reducing the company's liabilities by around MXN 160 billion which is reflected in its healthy bottom line. The firm's labor liabilities could therefore eventually shrink by around MXN 320 billion, more than 50% of the total. The company revenue was MXN 154 billion, compared with MXN 148 billion in first half of 2015.

CFE Opens Solar Plant, Advances Baja Peninsula Electrification

CFE has opened a 342kWh capacity, 468-panel solar plant in Muleg, in Baja California Sur state, the first of 40 such plants designed to bring electrification to areas on the peninsula that have remained off-grid until now. The Muleg plant will supply electricity to local households, schools and a hospital in the village of Luis Echeverría, for which new distribution infrastructure has been put in place. The village relies on gas for refrigeration and has to ship in ice from neighboring towns, while clothes are ironed by heating an iron in an open fire. The town has no mobile telephone signal and the only telephone connection will depend on electricity supplied by the new solar plant and the only WiFi installation will be the one used to monitor the plant, it added. The Baja California peninsula has a separate grid to the rest of Mexico. The project to bring electrification to the peninsula's off-grid areas is being coordinated by the energy ministry (Sener) with support from the World Bank, and similar plants will be built in other areas of Baja California Sur to supply residents with electric power. The new solar plant has a 48-hour backup battery, allowing it to supply electricity to the community even when there is no sunlight. During the inauguration of the plant, residents were asked to use no more than two domestic appliances at any one time, and to make rational use of the electricity.

Gamesa and CFE Sign a Memorandum of Understanding for the Co-Development of Wind Power Projects

Gamesa and CFE have signed a memorandum of understanding for the co-development of wind power projects. The two companies have pledged to promote technological, industrial and supply chain development in the wind power sector in Mexico. The agreement also sets out plans to promote research, development and innovation in the wider renewable energy field, as well as opening the possibility for the CFE to participate in wind projects in which Gamesa has a stake in other Latin American countries, as well as in the US. In addition, the agreement calls for the 'extension of best practices' in wind farm operation, maintenance and control.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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