Valia Energía Acquires EVM’s Asset Portfolio

Valia Energía, a subsidiary of the London-based company Actis, announced the acquisition of EVM’s assets, which feature a portfolio of almost 1GW of installed capacity.

EVM owns two thermoelectric power plants located near Mexico City that boast 950MW of generation capacity. The first plant, EVM I, uses natural gas to generate electricity from three aeroderivative turbines, configured in a simple cycle and counts with 100MW of low-emission generation capacity. Additionally, as requested by the National Energy Control Center (CENACE), it has an immediate response capacity to back up the national grid when needed.

The second plant, EVM II, is also powered by natural gas and has 850MW of generation capacity. At the base of its efficiency are General Electric’s HA.02 turbines, considered to be cutting-edge technology in the energy sector. This plant has an air-cooling system and low water consumption, equivalent to 4% of a plant of a similar size cooled by water.

These plants will be added to Valia Energía’s existing assets, which include five power plants with a total capacity of 2.2GW and an adjacent natural gas pipeline, located in the northeast of the country. The company will therefore now own a total of 3.1GW of installed low-carbon energy capacity.

Michael Harrington, President, Valia Energía and an Actis Associate Member, described this purchase as a key milestone in the evolution of the company. "This reinforces our commitment to Mexico’s energy transition, producing the reliable and affordable energy the country requires for the development of industries and the wellbeing of communities and families,” he said. 

Recently, Valia Energía announced the appointments of Narcís de Carreras as CEO and Arturo Infanzón as CFO. Carreras stressed he was excited to join Valia Energía as CEO and pointed out his goal to make the company a key player in the acceleration of Mexico’s energy transition. “Our team has many years of experience in the Mexican energy sector and together with Actis' successful journey in the region, we have the ambition to become the new leader in the country’s energy sector,” he said.

"We have formed a team and asset base of the highest quality that will seek to become a leading platform in the region following the formula that Actis has successfully replicated worldwide: build scale energy platforms, deploying our best practices and following the highest social responsibility standards," Harrington stated.