To develop the project, New World has formed a consortium called "Electrica Sureste" or "Southeast Electric" with a number of municipalities -- future buyers of the power along with local Zapotec Indians -- in the states of Oaxaca, Tabasco and Vera Cruz. He also said that New World's current land leases, at La Ventosa in Oaxaca, could support several thousands megawatts of wind power. Because of the Zapotec involvement, the project is being named for the Zapotec words "ancient wind" -- the Electrica "Bi Yooxho" wind energy development. Craig noted too that the area's pilot project, of Danish Vestas turbines with the federal utility, CFE, had an average capacity factor of "well over" 50% since installed by New World in 1994.
Construction should start in early 1996 of the first 130 MW of German Enercon turbines in a project in Mexico by New World Power and Westinghouse Electric Corp of the US. Mickey Craig, manager of renewable energy projects at Westinghouse, also told last month's Windpower '95 conference in Washington DC that New World is seeking more borrowers and sources of capital because of the recent plunge of the peso. The company recently reported financial losses because of Mexico dealings.