ENDESA and Mexico's Comision Federal de Electricidad -CFE- Sign a Cooperation Framework Agreement.Business Editors
NEW YORK--(BUSINESS WIRE)--June 6, 2002
- This Agreement Settles the Cooperation Principles Between CFE and ENDESA in Common Interest Projects in Areas Like Information Technologies, Telecommunication and Telecontrol, Environmental Management and Change Management. Moreover, It Will Also Cover the Investment Projects Analysis Within the Development Strategies of Both Companies. - The Agreement has Been Executed by Rafael Miranda, CEO of ENDESA and by Alfredo Elias, Director of CFE. - As a Result, Through a Close Relationship With CFE, One of the Key Companies in Mexico, ENDESA is Optimally Positioned in Such Market.
ENDESA (NYSE NYSE
See: New York Stock Exchange : ELE ELE
equine leukoencephalomalacia. ) has signed a cooperation framework agreement with the Mexican Government owned company CFE CFE Conventional Forces in Europe (treaty)
CFE Cash Flow to Equity (finance/accounting)
CFE Comisión Federal de Electricidad (México)
CFE Certified Fraud Examiner (Comision Federal de Electricidad) to select, organize and develop projects in areas such as information technologies, telecommunications and telecontrol, environmental management and change management together with the investment projects analysis within the development strategies of both companies
The agreement has been simultaneously executed via videoconference vid·e·o·con·fer·ence
A teleconference using video technology, such as closed-circuit television.
vid between Madrid and Mexico City Mexico City
Spanish Ciudad de México
City (pop., 2000: city, 8,605,239; 2003 metro. area est., 18,660,000), capital of Mexico. Located at an elevation of 7,350 ft (2,240 m), it is officially coterminous with the Federal District, which occupies 571 sq mi by Rafael Miranda, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of ENDESA and by Alfredo Elias, Director of CFE.
This agreement establishes a basis for cooperation between CFE and ENDESA in common interest projects, and specifically in sharing the knowledge, experience and skills in areas like: PLC technology (voice, data and image high speed transmission on low voltage Low voltage is an electrical engineering term that broadly identifies safety considerations of an electricity supply system based on the voltage used. While different definitions exist for the exact voltage range covered by "low voltage", the most commonly used ones include "mains electric grid), dark fiber use, commercial procedures, distribution management and grid control, power generation management, environmental management and information systems use and architecture.
Moreover, the agreement sets up a link to cooperate in the migration from vertically integrated organizational models into business units with accounting and legal identity. In addition to this, it makes possible the cooperation within a legal framework and competitive environments analysis (negotiation power of competitors and customers), skills in which ENDESA has a broad expertise.
Evaristo Villa, Managing Director of Services of ENDESA and Jose Antonio Lopez Antonio Lopez is also the name of:
As a result, though a close relationship with CFE, one of the key companies in Mexico, ENDESA is optimally positioned in such market.
The signing of this agreement is made independent of any investment project or any electric or renewable energy Renewable energy utilizes natural resources such as sunlight, wind, tides and geothermal heat, which are naturally replenished. Renewable energy technologies range from solar power, wind power, and hydroelectricity to biomass and biofuels for transportation. agreement that ENDESA or any of its affiliates may eventually participate together with CFE.
COMISION FEDERAL DE ELECTRICIDAD - CFE
CFE generates, transmits, distributes and markets electricity in Mexico to 19.31 million customers with an 81% market share. CFE also operates 156 power plants with a total generation capacity of 37,650MW and 36,848 Km of transmission lines.