Mexico based mining firm Compañía Minera Autlán, S.A.B. de C.V. (Autlán) has announced it has acquired full interest in subsidiary firm Compañía de Energía Mexicana, S.A. de C.V. (CEM) from an existing partner, with CEM recently having signed a Power Purchase Agreement (PPA) to sell electricity produced at its Atexcaco Hydroelectric Plant to a third party.
Under this PPA, CEM will supply close to 10% of the annual clean energy generation to a new client at competitive prices. Permits to distribute energy are expected to conclude over the next couple of months, for a period of two years with an option to renew.
Autlán, through its Energy Division, is looking to participate more closely in the energy sector.
