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 →
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 →
Topolobampo and Mazatlán pipeline operations is set to start operations in July, while GES announces the beginning of construction activities for a 244MW wind farm in Sept. Mexico also made a big leap to position 12 in the International Energy Efficiency Scorecard. Meanwhile, Gas Natural Fenosa changes name to Naturgy, GE focuses on aviation and […]Continue Reading →
According to CFE’s numbers, the productive enterprise of the state interconnected 20,000 homes and businesses that started producing their own electricity using solar energy. With this number, the total amount of CFE’s interconnections raises to 50,000.
The Ministry of Energy published the Natural Gas Storage Public Policy, established by CENACE, where […]Continue Reading →
CFE published the bases for the HVDC transmission line tender to connect Ixtepec with the country’s central area. For the 3GW transmission project an estimated investment of US$1.7 billion is expected, with a tentative operational start in 2021.Continue Reading →
On Feb. 6, ACCIONA Energía started the construction of its 404MW PV park in Sonora, this project will be developed in a 50/50 joint venture between ACCIONA and Tuto Energy Trading. The project consists of 1.28 million polycrystalline silicon panels, and its completion is expected by early 2019.Continue Reading →
Montserrat Ramiro, commissioner at CRE, was designated by OCDE as the president of the Network of Economic Regulators for the 2018 period.
CFE announced its intentions to allocate its first FibraE with a total value of MX$17.6 billion on Feb. 7. This announcement comes almost one month after the company made its […]Continue Reading →
CENACE accepted 47 purchase and 13 sale power offers for the upcoming mid-term electricity auction. The purchase offers come from four different potential buyers.
Fotowatio Renewable Ventures, the Spanish solar unit of UAE-based Abdul Latif Jameel Energy, announced the financial closure for a 342W solar park to be built in San Luis […]Continue Reading →
A new organic statute got published in the DOF (Official Journal of the Federation), providing CFE Distribución with a legal personality and own capital as an EPS (Subsidiary Productive Enterprise).
The Sustainable Development Special Commission of the Mexican Chamber of Deputies proposed to modify Mexico’s Income Tax Law for physical individuals, allowing them […]Continue Reading →
The Ministry of Energy handed to CRE (Energy Regulatory Commission) the first set of rules for the energy market. As the rules have been delivered, it is now CRE who will evaluate and determine modification and updating needs on such set of rules.Continue Reading →