The Ministry of Energy (Sener) has changed the rules and called on the private sector to invest in electricity generation. As part of the first phase, 20 projects have been announced with a total investment of $4.752 billion. These projects will provide 3,320 megawatts (MW) of electricity generation capacity and 1,488 MW of energy storage. The projects include 15 photovoltaic and 5 wind power plants. They are located in 11 states of Mexico, including Campeche, Hidalgo, Yucatan, Guanajuato, Oaxaca, Tamaulipas, Queretaro, Puebla, Veracruz, and Zacatecas. The projects stem from the call issued by Sener last October, which proposed a new scheme for electricity generation investment projects. Although the goals were higher, the government did not meet the targets set in its first call for mixed contracts between private companies and the Federal Electricity Commission (CFE). According to the officials, these projects are ready to begin development in 11 states of the Republic, providing 3,320 MW of electricity. Of this capacity, 3,790 MW would correspond to photovoltaic generation and 2,100 MW to wind energy. While the mixed contracts offered for CFE have sparked the interest that Pemex has not achieved—whose promised contracts with private companies have yet to be announced weeks before the end of the year—this morning's announcement is framed in uncertainty about the new legal framework in the country and growing questions about the leadership of Emilia Calleja.
Mexico Attracts Private Investment in Electricity Generation
Mexico announces 20 new electricity projects with a $4.752 billion investment to boost power generation through the private sector.