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Mexico could void first electricity tender

ࢀ¨Mexico’s energy firm CFE has warned that its first long-term electricity supply tender could be declared void.

ࢀ¨The company is looking to buy electricity, power and clean energy certificates from third parties, establishing contracts for between 15 and 20 years.

CFE has said it would offer between $433.61 per MWh and 360 per 500 MWh.

Miguel Angel Alonso, director in Mexico of Spanish energy firm Acciona Energia, said the first auction seemed complicated for solar energy companies. He added that it could cause an oversubscription of wind energy, as prices are lower than the average international values.