EMPRESAS ICA, S.A.B. DE C.V. Empresas ICA, S.A.B. de C.V. and the Federal Electricity Commission, CFE, signed a memorandum of understanding for the joint development of electricity generation projects. In the first stage, CFE and ICA will jointly carry out technical and feasibility analyses of a range of possible projects. CFE expects the agreement will enable it to accelerate the development of required power resources beyond what the Federal budget would otherwise permit.
In the event the parties agreed on specific projects, CFE and ICA would sign individual agreements for each one, after receiving board approval.
