EDF To Sell Mexico Power Assets

French utility EDF is reportedly selling its five gas thermal power stations in Mexico as part of its strategy to concentrate on European operations. The company hired JP Morgan last month to sell the plants, which are estimated to be worth around $3.9 billion. EDF has been present in Mexico for about 30 years as a consultant to the CFE (Comisión Federal de Electricidad) and, since 1998, as an investor and operator. EDF manages and operates the five plants – Anahuac, Lomas de Real, Saltillo, Valle Hermoso and Electricidad Aguila de Altamira – via parent company Comego.