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MEXICO: Details of the Government's Proposed Energy Plan

MEXICO
  • In her expected presentation of the government’s energy plan, President Sheinbaum released details which include $23.4 billion in spending on energy infrastructure projects through 2030.
  • $12.3 billion will be allocated to electricity generation and $11.1 billion to transmission and distribution networks.
  • Bloomberg also reported that Mexico will reduce bureaucracy and costs for private companies seeking to invest in Mexico’s energy sector, citing comments from Energy Minister Luz Elena Gonzalez.
  • “We need to recover the planning capacity and strength of our public companies,” Sheinbaum said. State utility Comision Federal de Electricidad “is a very solid, efficient company and we are going to make it even more so.”
  • Mexico will continue to hone the rules for private investors through the passage of secondary laws, Sheinbaum added. (BBG)
  • Separately, Sheinbaum has also announced that she will present a plan for Pemex on November 13.
EM BulletMexicoBulletGlobalEmerging Market NewsRegion
EM BulletMexicoBulletGlobalEmerging Market NewsRegion

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