In May 2018, the entrant administration published the 2019-2024 National Development Plan. This document positions PEMEX and CFE as the leading axis of the country’s development. Given the reorganization of CFE’s subsidiaries, COFECE warns this modification might represent competition risk for market participants. From the national utility’s side, CFE’s director general announced a bid process […]Continue Reading →
As part of MORENA’s “Internet for everyone” initiative, CFE published the auction bases for a 50km concession in which national and international companies will be able to participate under specific requirements. The Ministry of Energy published an initiative through the National Commission of Regulatory Improvement (CONAMER) to reorganize CFE’s generation subsidiaries, changing previous competitiveness conditions […]Continue Reading →
After three successful long-term electricity auctions in Mexico, a fourth edition will be postponed so the new administration can execute it. Additionally, the public tenders for the most relevant electricity transmission projects in the country will also be postponed for the 1Q19.
In the international scope, energy leaders are also passing the torch. Robyn […]Continue Reading →
Mexico, the US and Canada finally agreed on their renewed trade agreement USMCA. While Abel Hibert, Chief Advisor of the Economic Transition team of AMLO, stated that the long-term electricity auctions will continue during AMLO’s administration, the Clean Energies in Mexico 2018-2032 study was presented, gathering the voices of several Mexican energy and sustainability associations. […]Continue Reading →
Energy policy-related announcements have increased since AMLO nominated his incoming energy team (to get to know more check out our blog covering AMLO’s nominations and priorities for the energy sector). From CFE’s strong losses and a past-due portfolio to plans on how to make the Productive Enterprise of the State a more social company […]Continue Reading →
Mexico is a thriving country for energy projects, and as proof we have Enel finishing its 238MW solar park five months ahead of schedule, and Guillermo García, President Commissioner at CRE mentioning that 35 percent of the projects awarded during the first long-term electricity auction are ready to begin construction or even begin operations. Meanwhile, […]Continue Reading →
At its core, developing a utility-scale wind farm or PV solar park is a financial business. Compartmentalizing risks through every development stage and ensuring long-term profitability is the name of the game. To do so, part of the effort focuses on raising capital and sources abound, from a company’s own financial lung to multilateral institutions […]Continue Reading →
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Conventional power generation systems experience efficiency rates of 30-40%, while cogeneration systems achieve levels of 80-85%. PEMEX’s productive processes require large amounts of electricity and vapor, so the oil company benefits […]Continue Reading →
One of the newcomers that have arrived on the new energy scene is the Safety, Energy, and Environment Agency (ASEA). In January 2015, ASEA became responsible for overseeing environmental compliance in the hydrocarbons sector. “Due to the relevance attributed to environmental security in the oil and gas sector, it was deemed necessary to create a […]Continue Reading →
Mexico Energy & Sustainability Review 2016 talks to: Victor Herrera, Managing Director of S&P
If the energy landscape resembled a chessboard, CFE and PEMEX would ultimately hold the roles of the Queens, and as the strongest pieces in the game, they now move unfettered across the black and white milieu. The most renowned credit rating agencies, Standard […]Continue Reading →