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Mexico Continues to Invest in Ecuador’s Energy Sector

Article Summary:

The Mexican Federal Electricity Commission has signed an energy cooperation framework agreement with Ecuador, continuing to strengthen Mexico’s investment in Ecuador. Currently, the Mexican public utility company manages the construction oversight of the Coca Codo Sinclair hydroelectric plant, the largest hydroelectric plant in Ecuador when completed in 2015.

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Original Article Text From El Comercio via Google Translate :

Mexico signs an agreement on energy cooperation with Ecuador

The Mexican Federal Electricity Commission (CFE) today announced it has signed an energy cooperation framework agreement with Ecuador, a country with which it already collaborates on projects such as the Coca Codo Sinclair Hydroelectric. In a statement, the Mexican public company explained that the agreement with the National Energy Efficiency and Renewable Energy (INER) in Ecuador facilitate cooperation in the “development of applied scientific research and training, technology transfer, professional development staff “of two entities, among others.

The agreement had as witnesses to the Minister of Electricity and Renewable Energy Ecuador, Esteban Albornoz , and the director general of the CFE, Jaime González Aguadé. The latter considered that the agreement signed strengthen relations between Mexico and Ecuador in energy, “especially in the electricity sector” , explained in his statement the CFE. In this area, “Mexico has made great strides over the last six years particularly in the development of wind energy, which rose from 2 megawatts (MW) to 2 000 MW “, and hydroelectric projects, said the Mexican.

The agreement “contemplates the development of joint research projects of technical and scientific interest and the establishment of mechanisms and tools for exchange of experience and of information technology, technical, scientific and methodological.” Currently, the Mexican public company cooperates in Ecuador in the oversight of construction and designs hydroelectric plant Coca Codo Sinclair, who will have a generating capacity of 1 500 megawatts, which will make it the largest in Ecuador when completed in 2015.

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From El Comercio

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