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President AMLO Says Iberdrola Plan Convenient For Both Sides

MEXICO
  • Mexico’s $6 billion purchase of electricity plants from Spain’s biggest power company is 30% cheaper than building from the ground up, according to President AMLO, speaking on Tuesday in his daily press conference. (BBG)
    • “In terms of the market, what was achieved is a 30% decrease in the price compared to if we had built the plants, even considering their age”.
    • “If we had proposed to build these 13 plants, it would take us 10 years, and the term would end with the Comision Federal de Electricidad remaining a minority company”.

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