*Mexico’s government led by President
Claudia Sheinbaum has revealed planned public and private investment to strengthen the country’s energy system. The announcements are in line with rules established by Sheinbaum’s mentor and predecessor,
Andrés Manuel López Obrador (2018-2024), which establish that state-run electricity firm, Comisión Federal de Electricidad (CFE), controls 54% of Mexico’s total power generation capacity. Speaking in Sheinbaum’s daily news briefing, the CFE director general,
Emilia Esther Calleja Alor, unveiled five new priority projects to generate firm energy which will contribute around 3,000 megawatts (MW) of additional capacity, with estimated investment of US$4.33bn. She also announced plans to invest US$710m to begin the third and fourth phases of a solar plant Puerto Peñasco in Sonora state, and US$826m in the construction of two solar projects Carbón II and Río Escondido, both in Coahuila state, among other things. As regards private investment, Energy Minister
Luz Elena González Escobar announced that 20 permits had been approved in October for renewable energy projects – 15 solar and five wind, which would contribute 3,320MW, plus 1,488 MW of energy storage, with estimated investment of US$4.75bn, most of which will begin operations between 2027 and 2028.
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