On 13 January in Mexico City Enel CEO Fulvio Conti and José Luis Fernández Zayas, executive director of Mexico's Electric Research Institute, signed a memorandum of understanding for cooperation in geothermal power generation and smart grids projects at the city's presidential palace in the presence of Italian Prime Minister Enrico Letta and President of Mexico Enrique Pena Nieto, as part of a bilateral government meeting.
According to a statement released at the end of signing, this agreement will see the two sides share knowledge and expertise in geothermal power and smart grids through pilot projects, training programmes and the transfer of technology.
'We are very happy to be signing this agreement, thanks to which we will be sharing our undoubted know-how with the Mexican government,' said Conti after the ceremony. 'Enel has plenty of experience in geothermal energy and is developing further projects in a number of countries.
'Regarding smart grids, Enel was the world's first business to install large scale smart metering systems and thanks to the leading role it has attained it is now coordinating the EC's Address project, within which research is being carried out into integrated energy demand management solutions.'
The Mexican government's aim is to develop smart grids in order to improve efficiency and quality of service. It also wants to diversify energy sources and increase the contribution of renewable energy to the country's energy mix in order to strengthen security of supply.
'Today in Mexico only 800 megawatts of geothermal capacity have been created from a potential 10 gigawatts and there is space to do more,' added Conti. 'We are a world leader in the sector, which we can help with our experience and know-how.'
The Enel CEO also led a delegation of Italian entrepreneurs at the Italy-Mexico Business Council, which was established in 2012 to bring together Italy and Mexico's most important businesses and organise discussion forums – with the participation of each country's government – on development opportunities and the strengthening of bilateral commercial and business relations.