The Federal Electricity Commission (CFE) has announced its intention to invest nearly 28 billion 940 million dollars in projects aimed at generation, transmission, and electrification of homes during Claudia Sheinbaum's presidency (2024-2030). Part of this investment will be made in collaboration with Mexican Petroleum (Pemex). Emilia Calleja, the head of CFE, presented the energy investment plan until 2030 during the morning conference on February 5.
"Contributing to the well-being of the entire population, we will continue to light up lives and illuminate Mexico," expressed Emilia Esther Calleja. The investment in generation is estimated at 22.377 billion dollars for 51 projects with a capacity of 29,074 megawatts (MW). The projects to be carried out from 2025 to 2030 include initiatives for wind and photovoltaic energy, combined cycle plants, cogeneration with Pemex, and the completion of projects initiated in the previous administration.
CFE has planned 65 projects for the expansion and modernization of the National Transmission Network, with an approximate investment of 46.611 billion pesos. An additional investment of 3 billion 600 million dollars is also expected for the expansion of electric distribution, which will include expansions, modernizations, and construction of new electrical substations, transformer modernizations, and electrifications in various localities.
Finally, an investment of 14.309 billion pesos in 42,221 electrification works was mentioned, which would benefit 557,817 inhabitants and allow reaching an electrical coverage of 99.99% of Mexican households. These investments are part of an ambitious program backed by established financing and new legislation proposed by Sheinbaum.
President Sheinbaum sent legal reforms to Congress last week to recognize "energy justice" and regulate private investment in energy. These reforms aim to give precedence to the public sector in the ownership and generation of electric energy, while limiting private sector participation to 46% in energy production. These modifications are expected to promote greater efficiency and capacity in CFE's operation and eliminate barriers imposed in the past.
Cogeneration projects between Pemex and CFE are included, however, it is emphasized that these cannot be considered monopolistic, as they fulfill the social function of providing a basic service by bringing energy to the entire country.
