POWER VII

closed

The Fourth CFE Power Project for Mexico will provide a loan of $130,000,000 to the Comision Federal de Electricidad (CFE) to complete its 1962-1965 construction program. The CFE is an autonomous government agency created in 1937 to construct and operate electric power facilities. In order to increase the power supply, the CFE has implemented an expansion program that will construct new power plants and add new generating plants, substations, and transmission lines. By financing the costs of this program, it is hoped that the project will: 1) meet Mexico's increased demand for generating capacity; 2) provide an adequate reserve in the country's generating capacity; 3) replace the electric power presently being imported from the United States; 4) provide transmission and substation capacity; 5) expand distribution facilities; and 6) expand electric power service to rural areas.