AMLO signs agreement with Canada to invest in hydroelectric power plants


President Andrés Manuel López Obrador announced that he will sign an agreement with the Canadian state-owned Hydro-Québec for the modernization of the 60 hydroelectric plants in the country, to increase energy production.

The President Andres Manuel Lopez Obrador announced that sign an agreement with the company Hydro-Québec , owned by the Canadian government for the modernization of 60 hydroelectric dams in the country, in order to produce more energy and thus can reduce the price of light service in homes.

For this, Obrador met at the National Palace with Jacqueline Mongrut , Executive Vice President of Hydro-Québec International, and with Pierre Alarie, Ambassador of Canada in Mexico.

“It gives me great pleasure to be able to inform Mexicans that we are looking for a cooperation agreement to modernize the 60 hydroelectric plants that we have in the country. The plan is to empower them, use that infrastructure, generate electricity with water. It has to do with the environment because it is clean energy and it is cheap. We already have that infrastructure and Hydro-Québec has the technology to modernize the hydroelectric plants, “explained López Obrador.

“A cooperation agreement between Canada and Mexico will be signed to modernize our hydroelectric plants, there will be a joint venture. This is going to mean increasing our electricity production. Strengthen what we already have by modernizing hydroelectric plants with the most current technologies. It is very opportune because we could not – and it is not opportune – create new hydroelectric plants if they are not fully used. The truth is that our dams are underutilized, our hydroelectric power plants, “he said.

For her part, Jacqueline Mongrut indicated that Hydro-Québec is a 100% company of the Canadian government, and that it generates 99.5% of hydraulic production in its country, and has more than 50 years of experience in plant rehabilitation.

“I am very grateful to be able to reach a co-investment agreement in the existing assets where we could bring added value in technology; very proud to be with this new government, extremely active, strong, with people of great capacity, “said the director of Hydro-Québec.

Mongrut explained the actions that would be carried out in the Mexican hydroelectric plants: “to help water management, innovation, and major renovations, of high level, to increase capacity, power, utilization, which is very low. Always respecting the Mexican people and the needs of the country. “

For his part, Ambassador Pierre Alarie said: “In Canada, we have a very large and very strong experience in the whole hydroelectric issue. Not only in generation, but also in transport and electrical transmission, where in the future we can also talk about how to optimize the CFE network a bit. “

He pointed out that this alliance will allow greater energy production “to lower the price in the medium term, as it is colloquially said, from light to the consumer”.

The following meeting was also attended by the Canadian government: Stéphanie Allard-Gómez, General Delegate in Mexico of the Government of Québec; Jean-Dominique Ieraci, Deputy Head of Mission and Commercial Counselor of the Embassy of Canada, as well as Guy R. Boileau, Commercial Policy Counselor of the Government of Canada.

President Obrador was accompanied by Rocío Nahle García , head of the Energy Secretariat; Jesús Seade Kuri , Undersecretary for North America of the Ministry of Foreign Affairs (SRE) and Manuel Barttlet Díaz, General Director of the Federal Electricity Commission (CFE).

Source: El Economista

The Mazatlan Post