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SPIC purchases Mexican renewable power firm Zuma Energia

November 20, 2020


Abstract : China's State Power Investment Corporation Limited (SPIC), a top Chinese power generator, completed on Thursday its purchase of Mexico's independent renewable power company Zuma Energia, the Xinhua-run Shanghai Securities Journal reported on Thursday.

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BEIJING, Nov. 20 (Xinhua) -- China's State Power Investment Corporation Limited (SPIC), a top Chinese power generator, completed on Thursday its purchase of Mexico's independent renewable power company Zuma Energia, the Xinhua-run Shanghai Securities Journal reported on Thursday.

The move marked the company's first foray into the Mexican electric market.

According to the report, the purchase was made through SPIC's Hong Kong-based subsidiary China Power International Holding.

The deal will allow SPIC to promote clean energy development in Mexico and other Latin American markets, and make a substantial contribution to expand employment and revive social and economic development in Latin America, said SPIC.

It is learned that Zuma Energia owns four power stations in operation with a total installed capacity of 818,000 kilowatts. (Edited by Yang Yifan with Xinhua Silk Road, yangyifan@xinhua.org)

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Keyword: SPIC

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