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May 03, 2015 1:41 PM ET

Electric Utilities

Company Overview of Comisión Federal De Electricidad

Company Overview

Comisión Federal De Electricidad generates, distributes, and markets electric power primarily for household and industrial customers in Mexico. The company generates electricity through thermoelectric, hydroelectric, coal-fired, geothermal, wind, and nuclear sources. It operates 209 generating plants with an installed capacity of 52,515 megawatts; and approximately 756,000 kilometers of power lines that transmits and distributes electric power, as well as serves 35.3 million customers. The company also provides telecommunications services, such as leased bandwidth services to enterprises, telecommunications carriers, and government entities; and operates fiber optic network. In addition, it ...

Reforma 164

Col. Juárez

Mexico City, DF 

Mexico

Key Executives for Comisión Federal De Electricidad

Chief Executive Officer
Age: 42
Director of Finance
Accounting Manager
Deputy Director of Financial Control
General Director
Compensation as of Fiscal Year 2014.

Comisión Federal De Electricidad Key Developments

CFE Wins Contract to Build the Empalme I Combined Cycle Power Plant

CFE has awarded a contract to build the Empalme I combined cycle power plant with two gas turbines and one steam turbine. A consortium made up of Senermex, Sener, IEPI Mxico and OHL Industrial was awarded the contract, while the plant's turbines will be built by Siemens. The 770MW, natural gas-fired plant will be built in the Empalme municipality in Sonora state and is slated for fourth quarter of 2017 completion. The contract covers the engineering, supply, testing and placing into operation of the plant. The CFE will sign an additional 15-year maintenance contract with Siemens for the turbines. The winning bid presented an electricity generation cost of USD 0.0484 per kWh and a construction cost of USD 476.8 million, below the CFE's budget ceiling of USD 738.2 million for the project.

CFE to Invest USD 60.2 Million in a New Geothermal Power Plant in Michoacán State

CFE will invest USD 60.2 million in a new geothermal power plant in Michoacán state. The project entails a new geothermal power station at Los Azufres, slated for 2018 completion, in addition to phase one of the 50MW Los Azufres III plant, which will enter operation in first quarter. The bidding round for the new power plant will be launched in the first half of the year. With the new power plants in operation, the northwestern state will generate a surplus of energy and distribute electricity to other states. Mexico will launch its geothermal 'Round Zero' in the first quarter to determine the projects to be developed by CFE and which ones will be tendered out to the private sector.

Comisión Federal De Electricidad to Increase Output of Four Units of Coal-Fired Power Plants

Comisión Federal de Electricidad to increase the output of four units of coal-fired power plants. By replacing turbines and other core equipment, total generating power at CFE's large-scale power generation plant will be increased from 1,200 megawatts (MW) to 1,320 MW, and generation efficiency will be enhanced. Construction work on the first unit will commence in February 2017, with work on the remaining three units to get under way progressively every six months or so thereafter. The project, which is valued about USD 200 million (JPY 23.0 billion), is scheduled for completion in February 2019.

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