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LFC to invest US$658mn in cutting losses

Bnamericas
Mexico's state-owned distributor Luz y Fuerza del Centro (LFC) will invest 7.2bn pesos (US$658mn) between 2003 and 2006 to cut power losses and save an estimated 8bn pesos, LFC vice-director of executive planning Mario Barreiro Pereda announced. The program entails expanding LFC's meter network, beefing up inspection methods, streamlining customer service practices and restructuring electric feeders, newspaper El Economista reported. The investment will cut technical and non-technical losses by 17%, the paper said. LFC serves Mexico City, covering 1% of national territory but 25% of the population.

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