The President of Mexico, Claudia Sheinbaum Pardo, revealed the dates when the investment plan of the Federal Electricity Commission (CFE) and Petróleos Mexicanos (Pemex) will be presented for the year 2030. During her morning conference, the leader announced that the strategy for the country's electricity sector will be disclosed on February 6, followed by the proposal for the state oil company on February 12.
"The plan is ready and they will present it, particularly for electricity and then the Pemex plan," expressed Sheinbaum Pardo. This announcement comes after the presentation of legal reforms that recognize "energy justice" and regulate private investment in energy, in accordance with a constitutional change that redefines Pemex and CFE as "public companies."
The Secretary of Energy, Luz Elena González, detailed the modifications to various laws related to energy, highlighting the importance of "energy justice" to reduce inequalities in access and use of energy. It was also emphasized that CFE and Pemex must fulfill their social responsibility.
Sheinbaum sent these proposals to Congress after a constitutional reform was approved in October, changing the status of Pemex and CFE from "productive state companies" to "public companies," with the aim of avoiding direct competition with private companies.
The new regulations establish the predominance of the public sector in the ownership and generation of electric energy, limiting private sector participation in production to 46%. The president considered these reforms as a profound way to ensure the country's viability and to correct previous measures aimed at privatizing the entire energy sector.
Sheinbaum emphasized that these reforms will allow the implementation of the 'Plan Mexico', with the goal of improving the country's economy. The planned investment of 23.4 billion dollars by CFE to increase production capacity from 2024 to 2030 would demonstrate the commitment to strengthening the public company and a regulated private participation.
