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Friday, October 30, 2020
Energy Mexico to offer $4.9 billion in electric projects

Mexico to offer $4.9 billion in electric projects

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Robert Francis
Robert is a Fort Worth native and longtime editor of the Fort Worth Business Press. He is a former president of the local Society of Professional Journalists and was a freelancer for a variety of newspapers, weeklies and magazines, including American Way, BrandWeek and InformatonWeek. A graduate of TCU, Robert has held a variety of writing and editing positions at publications such as the Grand Prairie Daily News and InfoWorld. He is also a musician and playwright.

MEXICO CITY (AP) — Mexico says it expects to put out for bid $4.9 billion in electrical generation and natural gas pipeline projects as part of the opening of the nation’s state-run energy sector.

The Federal Electricity Commission wants to build several power plants, but didn’t set a date for the opening of bidding.

Commission director Enrique Ochoa said Monday the bidding will be open to private and foreign firms.

The government wants to build more natural gas-fired plants, to reduce costs. Mexico has high electricity rates, which officials say limits the growth of some businesses.

Some of the pipelines would be built in Texas, to take advantage of cheaper U.S. gas.

Mexico began opening its oil and electricity industries to private and foreign firms earlier this month.  

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