Queretaro bets on energy project with a cost of US$300 million

Queretaro bets on energy project with a cost of US$300 million

QUERETARO, QRO - The project to build two electrical substations would require a cost of approximately US$300 million, according to information from the Energy Agency of the State of Queretaro (AEEQ).

The director of the agency, Mauricio Reyes Caracheo, stated that the objective is to carry out a single project that includes two substations, with the purpose of strengthening the electricity supply. The initiative, he said, will soon be officially announced.

During the first day of the International Forum on Sustainable Energy Qro Energy, which will be held in the state on May 11 and 12, he explained that they are in the final stage of the project management.

For now, there are several authorizations, awaiting the signing of contracts, collaboration agreement, among other points to be finalized prior to the announcement.

With this strategy, he added, the aim is to provide certainty regarding the electricity supply in the state. He specified that two high-power substations could be built.

"It is a very important infrastructure, perhaps even two large power substations. We are talking about a need for 500 megawatts," he added.

The construction and operation of the infrastructure will advance in phases, to determine, together with the Federal Electricity Commission (CFE), which is the most urgent infrastructure, in order to develop it in that way.

Once the corresponding permits are obtained, construction is expected to be completed within 18 months.