The Mexican economy will need 45 000 MW of extra generation capacity over the next 15 years to cope with the rising energy demand, according to Jaime Gonzalez Aguade, director general of the Comision Federal de Electricidad.

Speaking at the Forum of Energy Strategies in Mexico City, Gonzalez Aguade said this equates to 84 per cent of Mexico’s current installed capacity.

According to estimates, power demand in the country is set to grow by 4 per cent every year in the short to medium-term.

Gonzales Aguade added renewable energy will be an important part of developing Mexico’s energy resources in the coming years.

This latest target is a significant increase on the 27 000 MW of additional capacity forecast by Fitch Research earlier this year.

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