About the Company
The Laguna Verde Nuclear Power Plant (LVNPP) is located on the coast of the Gulf of Mexico, in Alto Lucero, Veracruz, Mexico. It is the only nuclear power plant in Mexico and produces about 4.5% of the country's electrical energy. It consists of two GE Boiling Water Reactors, also known as a BWR-5 reactor, each one with an installed capacity of 682 MW using low enriched uranium (3%) as fuel. Unit-1 (U-1) started its operation on July 29, 1990. Unit-2 (U-2) started its operation on April 10, 1995. Initial architects in 1975 for the plant were Burns and Roe Inc, and later Ebasco Services designed and supervised the project. The steam turbine and other components were manufactured by Mitsubishi Electric. The plant is owned and operated by Comisión Federal de Electricidad (CFE), the national electric company owned by the Mexican government. Laguna Verde has been considered a strategic facility for the National Power System (SEN) due to its high power generation capacity, lowest operating cost, and frequency and voltage regulation capacity. All the electric power generated is delivered to its single client, the National Energy Control Center (CENACE). CENACE is entrusted with planning, directing, and supervising the transmission and distribution of electric power to end users. CENACE has classified LVNPP as Base Load Power Plant since the beginning of its operations. The annual generation average for LVNPP starting 2005 to 2010 has been 10.5 TWh, electric energy sufficient to meet the demand of more than 4 million inhabitants. In 2020, the Ministry of Energy authorized the operating license extension of unit 1 for an additional 30 years, to a 60-year lifetime until 2050.
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Latest News on VERDE RESOURCES, INC.
Verde's Carbon-Sequestering BioAsphalt™ Earns Early Validation from NCAT
Verde Resources Inc. (OTCQB: VRDR), an emerging leader in sustainable infrastructure solutions, and the National Center for Asphalt Technology (NCAT) are pleased to share early performance ...
VRDR - Verde Resources Inc Dividends | Morningstar
Review the current Verde Resources Inc (VRDR:PINX) dividend yield and history to decide if VRDR is the best investment for you.
Verde Resources Inc. Launches VerdePlus to Redefine Infrastructure
--Verde Resources Inc. is excited to announce a significant advancement: following the successful installation at the National Center for Asphalt Technology Test Track, Verde has established ...
Verde Resources Inc. Launches VerdePlus to Redefine Infrastructure
ST. LOUIS, Oct. 17, 2024 /PRNewswire/ -- Verde Resources Inc. (OTCQB: VRDR) is excited to announce a significant advancement: following the successful installation at the National Center for ...
Verde and C-Twelve Forge 10-Year Exclusive Partnership to ... - Nasdaq
--Verde Resources Inc. and Australian innovator C-Twelve Pty Ltd are proud to announce a landmark 10- year exclusive partnership aimed at commercializing low carbon asphalt technology across the ...
Verde Resources to appoint Jack Wong as new President and CEO
LOUIS, Sept. 13, 2022 /PRNewswire/ -- Verde Resources Inc. (OTCQB: VRDR) Verde Resources, Inc (Verde) has appointed Jack Wong as its new President and CEO (left in pic), effective Oct 1st 2022.
Verde Resources With An Unconventional Approach To Carbon Sequestration
SEATTLE, July 1, 2021 /PRNewswire/ -- Verde Resources Inc. (OTCQB: VRDR) According to data from the Malaysian Palm Oil Board, 20.6 million tons of empty fruit bunch (EFB) was discarded by the palm ...
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