Mexico to Award $4.9 Billion of Power Plants and Pipes

August 19, 2014

08/18/14 Bloomberg

Energy -electricity_transmission_linesComision Federal de Electricidad, Mexico’s state power company, will auction $4.9 billion in pipeline and electricity projects as the energy industry opens up to private investment for the first time since 1938.

CFE will offer contracts for four power plants, four pipelines and eight electricity transmission and distribution projects by next year, Chief Executive Officer Enrique Ochoa told reporters today in Mexico City. More than half of the investment would be for an 889-megawatt plant in northeastern Mexico and a 786-megawatt plant in western Mexico, contracts for which will be awarded in the first half of 2015.

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Mexico’s CFE to tender $2.8 bln in power plant, pipeline projects

July 22, 2014

07/21/14 Reuters

gas pipeline and gaugeMexico’s national power company CFE said on Monday it will offer $2.8 billion in natural gas and electricity infrastructure project contracts by the end of this year aimed at boosting economic growth.

The projects include two combined-cycle power plants, two natural gas pipelines as well as an electricity transmission project, all located near Mexico’s northern border with the United States.

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RPT-Fitch: Mexico’s energy reform positive for Pemex, challenges CFE

February 4, 2014

Energy -electricity_transmission_linesReuters, 2/4/14

Mexico’s energy reform is a long-term positive for the country and Petroleos Mexicano’s (Pemex) credit quality, while Comision Federal de Electricidad (CFE) faces margin pressures, according to a new Fitch Ratings report. ‘Fitch does not expect Pemex’s ratings to change due to the energy reform, but the company will benefit from the ability to find partners to share exploration risks and budgetary independence,’ said Lucas Aristizabal, Director.

Overall, the energy reform is a positive for Mexico’s competitiveness. Industrial and commercial electricity users with large enough loads to enter into bilateral contracts with independent power producers stand to see electricity costs decline as a result of the energy reform, assuming new generators are able to secure low cost natural gas from the United States or incremental gas production in Mexico. The rationale behind the ongoing energy reform is to attracting private investors in order to increase the country’s oil and gas production. Mexico has been severely underexplored, while production significantly decreased during the past decade, due to Pemex’s low investing ability. Mexico has estimated resources of approximately 159 billion barrels of oil equivalent (boe) with proved reserves (1P) accounting for 13.7 billion boe.

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Mexico energy bill to open power generation, sales to privates

December 9, 2013

logo-cfeBusiness Insight in Latin America, 12/9/2013

Mexico’s senate unveiled an energy bill Saturday (Dec 7) that would end the state monopoly over the power sector and open generation and sale of power to privates.

The bill, currently being discussed by senate committees, confirms the proposed power sector as laid out by energy ministry Sener’s head of electricity, Lourdes Melgar, in an August interview with BNamericas.

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Violence in Mexico’s Michoacan state leaves at least 7 dead

October 29, 2013

Latitudes Press.The Los Angeles Times, 10/28/2013

At least five people were killed in a spasm of violence that shook one of Mexico’s largest states over the weekend, authorities said Monday.

Gunmen on Sunday blew up 18 electrical substations — twice the originally reported number — and torched six gasoline stations in Michoacan state, just west of the nation’s capital. Nearly half a million people were left without electrical power for 15 hours.

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Mexico beefs up security after attacks on state energy firms

October 29, 2013

security mexicoReuters, 10/28/2013

Mexico has stepped up security in a troubled western region after a string of attacks on electricity installations at the weekend that temporarily knocked out power for hundreds of thousands of people.

Energy Minister Pedro Joaquin Coldwell told reporters security forces had increased their presence at facilities of the state-run electricity company the Federal Electricity Commission (CFE) and oil monopoly Pemex in the violent state of Michoacan.

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Mexico on high alert after attacks on state energy firms

October 29, 2013

Photo by Flickr user Frecuencias populares!!!Al Jazeera America, 10/28/2013

Mexico has stepped up security in a troubled western region after a string of attacks on electricity installations over the weekend that temporarily knocked out power for hundreds of thousands of people.

Energy Minister Pedro Joaquin Coldwell told reporters security forces had increased their presence at facilities of the state-run electricity company the Federal Electricity Commission (CFE) and oil monopoly Pemex in the violent state of Michoacan.

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