Latest news with #CFE
Reuters
19 hours ago
- Business
- Reuters
Iberdrola hired Barclays to sell assets in Mexico for $4.70 billion, El Confidencial says
July 23 (Reuters) - Europe's largest utility Iberdrola ( opens new tab hired investment bank Barclays to sell 15 renewable power plants in Mexico to exit the country, Spanish news website El Confidencial reported on Wednesday, citing unnamed sources close to the operation. Iberdrola's assets are worth about 4 billion euros ($4.70 billion), El Confidencial said, adding that the utility seeks to sell on concerns about the legal and tax stability in the country. Iberdrola already sold 55% of its assets in the country to the Mexican government for $6 billion in 2024, which the Mexican government called at the time a "new nationalisation" of the electricity market. The deal was in large part designed to give Mexico's state-owned power company Comision Federal de Electricidad (CFE) majority control over the local power market. Iberdrola declined to comment, while Barclays did not immediately respond to a request for comment. ($1 = 0.8518 euros)
Yahoo
27-06-2025
- Business
- Yahoo
Wasion secures three smart power meter contracts
Energy savings solutions provider Wasion Holdings has won significant smart meter contracts in Mexico and Tanzania, strengthening its international presence. The Federal Electricity Commission of Mexico (CFE) has awarded Wasion Mexico a smart meter tender contract valued at more than 623.13m pesos. In March 2025, Wasion Mexico also entered into a supply agreement with CFE worth more than 1.45bn pesos. State-owned CFE is the primary entity in Mexico's electric power industry and caters to around 50 million customers. Wasion Group's cumulative smart meter contracts awarded by CFE have so far surpassed 2.08bn pesos. In another strategic move demonstrating its commitment to global expansion, the Tanzania-based subsidiary of Wasion Group has been awarded a tender for smart meters by the Tanzania Electric Supply Company (Tanesco). The contract amount is approximately TSh61m. Tanesco is Tanzania's sole state-owned power company and serves around 15 million users. Wasion Holdings chairman Ji Wei said: 'We are honoured that Wasion Mexico has been recognised as both a trusted supplier to CFE and a leading brand in Mexico's power meter industry. Meanwhile, Tanzania will continue to serve as the Group's business hub in East Africa, from which the Group plans to further expand its presence into Uganda, Kenya, Mozambique and other neighbouring countries. "Looking ahead, the Group aims to maintain steady orders for power meters in Africa while actively developing new projects, including energy storage.' Wasion's products and services include advanced distribution operations, communication and fluid advanced metering infrastructure, energy efficiency solutions, power advanced metering infrastructure, smart distribution devices and smart distribution solutions. Its products have major market share in the People's Republic of China and are exported worldwide to Asia, Africa, Europe and the US. The company currently serves various clients such as power grid companies, water, gas and heat providers, and other major industrial and commercial users. "Wasion secures three smart power meter contracts" was originally created and published by Power Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Hamilton Spectator
27-06-2025
- Business
- Hamilton Spectator
TC Energy commences collection of tolls on Southeast Gateway pipeline
CALGARY, Alberta, June 27, 2025 (GLOBE NEWSWIRE) — News Release – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) today announced that it has commenced the collection of tolls from the Comisión Federal de Electricidad (CFE) for the Southeast Gateway pipeline and has been paid by the CFE for the month of May, on time in accordance with our contract. We continue to work with the newly constituted Comisión Nacional de Energía (CNE) to obtain the approval of our regulated rates as soon as possible, which is required to provide service to potential future interruptible service users on Southeast Gateway other than the CFE. The Southeast Gateway pipeline, a 1.3 Bcf/d, 715-kilometre natural gas pipeline, was constructed approximately 13 per cent under the original cost estimate in less than three years from the project's final investment decision. Southeast Gateway was the first significant energy infrastructure project constructed under our successful public-private partnership with the CFE. 'The successful completion of the Southeast Gateway pipeline reflects the unwavering commitment of our team, the CFE and the Ministry of Energy (SENER) to support Mexico's expanding energy demand and future economic development,' said François Poirier, TC Energy's President and Chief Executive Officer. To advance Mexico's economic growth and energy security, the Government of Mexico has announced plans to add approximately 8.5 gigawatts of newly installed capacity from natural gas power plants. The Southeast Gateway pipeline, along with the Company's other assets in Mexico, is positioned to play a vital role in supporting this initiative and the transition to lower-emission, more reliable energy sources. About TC Energy We're a team of 6,500+ energy problem solvers connecting the world to the energy it needs. Our extensive network of natural gas infrastructure assets is one-of-a-kind. We seamlessly move, generate and store energy and deliver it to where it is needed most, to homes and businesses in North America and across the globe through LNG exports. Our natural gas assets are complemented by our strategic ownership and low-risk investments in power generation. TC Energy's common shares trade on the Toronto (TSX) and New York (NYSE) stock exchanges under the symbol TRP. To learn more, visit us at . FORWARD-LOOKING INFORMATION This release contains certain information that is forward-looking and is subject to important risks and uncertainties (such statements are usually accompanied by words such as 'anticipate', 'expect', 'believe', 'may', 'will', 'should', 'estimate', 'intend' or other similar words). Forward-looking statements in this document are intended to provide TC Energy security holders and potential investors with information regarding TC Energy and its subsidiaries, including management's assessment of TC Energy's and its subsidiaries' future plans and financial outlook. All forward-looking statements reflect TC Energy's beliefs and assumptions based on information available at the time the statements were made, and as such are not guarantees of future performance. As actual results could vary significantly from the forward-looking information, you should not put undue reliance on forward-looking information and should not use future-oriented information or financial outlooks for anything other than their intended purpose. We do not update our forward-looking information due to new information or future events, unless we are required to by law. For additional information on the assumptions made, and the risks and uncertainties which could cause actual results to differ from the anticipated results, refer to the most recent Quarterly Report to Shareholders and Annual Report filed under TC Energy's profile on SEDAR+ at and with the U.S. Securities and Exchange Commission at . -30- Media Inquiries: Media Relations media@ 403-920-7859 or 800-608-7859 Investor & Analyst Inquiries: Gavin Wylie / Hunter Mau investor_relations@ 403-920-7911 or 800-361-6522 PDF available:
Daily Tribune
25-06-2025
- Business
- Daily Tribune
Kingdom Steps Up Anti-Fraud Drive
TDT | Manama Bahrain is stepping up its war on financial crime with the launch of a high-level training programme for fraud examiners, under a new partnership between the Bahrain Institute of Banking and Finance (BIBF) and OpenThinking Academy. The move will see the globally respected Certified Fraud Examiner (CFE) credential offered in the Kingdom for the first time, aimed at arming finance, audit, and compliance professionals with the skills needed to detect, investigate, and prevent fraud in both public and private sectors. The agreement was signed in the presence of Dr Ahmed Al Shaikh, Chief Executive Officer of BIBF, Iyad Mourtada, Managing Director of OpenThinking Academy, and Bassam Kazerooni, Acting Head of the Banking & Finance Centre at BIBF. Integrity focus The CFE certification is a widely respected professional qualification combining forensic accounting, law, investigative techniques, and fraud prevention. Dr Al Shaikh said the partnership reflected BIBF's mission to equip Bahrainis and regional professionals with high-integrity, globally benchmarked credentials. 'This collaboration reflects our continued efforts to support Bahraini and regional professionals working to combat financial crimes,' he said. Iyad Mourtada said the programme would empower those in compliance, auditing, risk management, and financial security roles with advanced investigative skills. Training details The first cohort is set to begin in September 2025, led by certified instructors and industry experts at BIBF's campus. Participants will receive oneyear ACFE membership, access to the digital Fraud Examiners Manual, exam preparation materials, mock exams, and 30 Continuing Professional Education (CPE) credit hours. Designed for professionals in compliance, audit, fraud investigation, risk management, and public oversight bodies, the CFE programme is expected to enhance Bahrain's capabilities in financial crime prevention and detection.
Zawya
25-06-2025
- Business
- Zawya
BIBF signs strategic agreement with OpenThinking Academy to launch the CFE Programme in Bahrain
Manama – The Bahrain Institute of Banking and Finance (BIBF) has announced the signing of a strategic partnership with OpenThinking Academy, an authorised training provider accredited by the Association of Certified Fraud Examiners (ACFE), to offer the Certified Fraud Examiner (CFE) programme in the Kingdom of Bahrain. The agreement was signed in the presence of Dr. Ahmed AlShaikh, Chief Executive Officer of BIBF, Mr. Iyad Mourtada, Managing Director of OpenThinking Academy, and Mr. Bassam Kazerooni, Acting Head of the Banking & Finance Centre at BIBF. The CFE certification is a globally recognised professional qualification in the field of fraud prevention and financial investigations. It combines expertise in forensic accounting, law, investigative techniques, and fraud detection and prevention strategies. Commenting on the partnership, Dr. Ahmed AlShaikh stated: "This collaboration reflects our continued efforts to support Bahraini and regional professionals working to combat financial crimes. Through this partnership, we are offering a globally respected credential that promotes higher standards of integrity and transparency in the workplace." Mr. Iyad Mourtada also highlighted the importance of this collaboration, noting that the programme will empower professionals in compliance, auditing, risk management, and financial security with internationally benchmarked skills and knowledge. The first intake of the CFE programme is scheduled to begin in September 2025 at the BIBF premises, led by a team of certified instructors and industry experts. The programme is specifically designed for professionals working in compliance, internal audit, fraud investigation, risk management, accounting, law, and public sector oversight bodies. It also targets fraud investigators in the banking and insurance sectors. Participants will benefit from a comprehensive training package that includes one-year ACFE membership, access to the digital Fraud Examiners Manual, exam preparation materials, mock exams, and 30 Continuing Professional Education (CPE) credit hours. To register or learn more, please visit the programme page on the BIBF website. About the BIBF The Bahrain Institute of Banking and Finance (BIBF) is the leading provider of education and training in the region, established in 1981 under the Central Bank of Bahrain. With a commitment to enhancing human capital, the BIBF serves not only Bahrain but also extends its reach to 64 countries worldwide, solidifying its global presence. The BIBF is dedicated to delivering excellence across a broad spectrum of business disciplines. It partners with numerous international institutions to offer thought leadership, assessment, and training in key areas, including: Banking and Finance Islamic Banking Executive Education Accounting and Finance Academic Studies Leadership and Management Insurance Digital Transformation and Project Management For more information, please contact the Marketing and Corporate Communications Department at: Email: media@ Website:
