INTERVIEW: CFE Ups Its Game
Sep 1, 2010
As Mexico’s economy starts to revive, CFE is confident in its ability to meet growing electricity needs. Technology, transparency and investor relations will be key.
by Natalie Feary
Mexican state-owned electricity provider Comisión Federal de Electricidad (CFE) is ambitious in the investment it wants to make over the next few years, and is in a comfortable position to do so, with 2010 financing needs already met. In an exclusive interview, CFO Francisco Santoyo Vargas tells LatinFinance how he will ensure the utility keeps pace.
"We are firmly committed to modernization and innovation as part of our development strategy," stresses the CFO. "After a relatively long period without growth, economic activity is starting to pick up so we will be investing extensively in electricity generation," adds Santoyo.
For the next seven years, CFE forecasts investment requirements of...
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