Mexico Announced that in 2011 The Hydroelectric Project La Parolta Begining the Development Will Involve an Investment of Nearly $900 Million Dollars

La Parota will be bid in 2011

22/10/2010 00:00



Mexico. The Federal Electricity Commission (CFE) announced that in 2011 the hydroelectric project La Parota, located in Acapulco, Guerrero, with a capacity of 700 megawatts will be tender, the development will involve an investment of nearly $900 million dollars.

Alfredo Elias Ayub, director of this agency, said this project is a priority for the CFE, which was built by the Expenditure Budget of the Federation 2011, and once it is approved in final form might initiated the work of the tender.

He explained that all infrastructure projects have an authorization from Congress to carry them out for 3 years and in the case of hydroelectric La Parota this term ended in 2010, but now is reinstated to the budget of the CFE.

The CFE project is that construction is carried out under the scheme of financed public works, where the winner of the project should get the necessary funding to complete it, once the work is finished it is delivered to the agency and comes to international capital market to find the resources to pay for the developed infrastructure.

The hydroelectric dam is located nearly 40 kilometers from the area called Acapulco Diamante, will address the energy needs of the coastal region and support the resolution of other public service issues.