Valia Energía Officially Acquires EVM
Home > Energy > News Article

Valia Energía Officially Acquires EVM

Photo by:   kenishirotie
Share it!
Perla Velasco By Perla Velasco | Journalist & Industry Analyst - Fri, 07/21/2023 - 08:44

Valia Energía, a subsidiary of London-based company Actis, has successfully finalized the acquisition of EVM Energía, further bolstering its portfolio in the power generation sector. The acquisition adds 950MW to Valia's existing 2.2GW power generation capacity, consolidating the company’s position among the Top 10 most important independent generators in Latin America in terms of total installed capacity.

The consolidation of EVM Energía's assets will result in a total installed capacity of 3.15GW, encompassing seven natural gas-fired generation plants located in Tamaulipas, Coahuila and the State of Mexico. Two key plants, EVM II and EVM I, will be integrated into Valia's operations. EVM II, a combined cycle plant equipped with GE's H-Class advanced turbines, boasts an installed capacity of 850MW. Meanwhile, EVM I is a 100MW simple cycle plant featuring GE's aeroderivative unit. Both plants are situated in the State of Mexico.

The acquisition also considers Valia's purchase of GE Energy Financial Services' 40% stake in EVM II. Valia asserts that GE's technology is among the most economically efficient in the country, with significantly lower environmental impact. Compared to thermoelectric plants powered by fossil fuels, GE's plants produce 90% fewer emissions, aligning well with Mexico's commitment to sustainability and environmental responsibility.

One of the key advantages of the acquisition is the enhanced responsiveness and flexibility it brings to Valia's operations. The ability to dispatch power rapidly complements intermittent renewable sources, contributing to a more balanced and reliable energy supply.

"This good news strengthens Valia Energía's position as a leading power generator, firmly at the heart of Mexico's energy transition. We are committed to delivering reliable energy crucial for fostering growth in the nation's industries, enterprises and communities. With an eye on a sustainable, cleaner future, we understand and emphasize the continued pivotal role of natural gas in our continuing energy transition journey," said Michael Harrington, Partner, Actis.

Photo by:   kenishirotie

You May Like

Most popular