SAN DIEGO (Border Report) — Mexico’s Federal Electricity Commission (CFE) has announced it will invest $8 billion on new power lines and substations that will improve service to 50 million customers throughout Mexico.
The agency says this is a way to overcome natural disasters while connecting communities and reducing existing power deficiencies throughout Mexico.
President Claudia Sheinbaum announced the investment during her daily news conference Thursday morning.
She said the money will help with the construction of 275 new power lines and 524 substations.
Mexico’s Secretary of Energy Luz Elena González stated the upgraded electrical resources will increase voltage and bandwidth allowing for more electricity to be transported in a more efficient manner.
“In regard to the transmission network, planning it and connecting it, it will allow us to increase reliability while improving security of the entire electrical network,” she said. “It will increase capacity in the face of natural disasters. We’ll be able to resume service to communities a lot faster, and if need be, connect to our neighboring countries.”
According to Mexico’s CFE, the country has 69,000 miles of cables in its network and 2,300 substations throughout the country with 2,300 substations
Sheinbaum called the investment into Mexico’s power grid “historical.”
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