EDF La Ventosa

completed

Eléctrica del Valle de México S. de R.L. de C.V. (“EVM” or the “Company”) is currently developing and constructing a 67.5 MW greenfield wind power plant that consists of the installation of 27 Clipper “Liberty” wind turbine generators with a nominal capacity of 2.5 MW each, an associated substation and control facilities, and a 115 kV transmission line from the Project site to the Juchitán II substation of Comisión Federal de Electricidad (“the Project”). The Project is located in the Ejidos of La Mata and La Ventosa in the Isthmus of Tehuantepec, 15 km north of the city of Juchitán in the State of Oaxaca, Mexico. The Project is configured as a line of 20 turbines in La Mata and a separate line of seven turbines in La Ventosa, both of which are approximately 2.5 km from the nearest community. The Isthmus of Tehuantepec has one of the most prolific wind resources globally, and the Project is expected to produce approximately 290 GWh annually on average over a 10 year period, which corresponds to approximately 49% capacity utilization. The Project is being developed under Mexico’s self-supply or “autoabastecimiento” framework and will supply its energy to four subsidiaries of Wal-Mart de Mexico S. A. B. de C.V. under 15-year self supply power purchase agreements. Project construction is well advanced: all 27 turbines are erected, the substation and control facilities are complete and the transmission line is completed. According to current estimates, the Project is expected to be complete and commissioned by year-end 2009.