Mexico Seeks bid

Mexico Seeks bid

The Mexican government plans to solicit bids by January from outside investors on a variety of independent power projects (IPP), according to statements from government officials. The country needs to increase its electric generating capacity from the current 35,000 MW to 45,000 MW by 2006. Jesus Reyes Heroles, Mexico`s secretary of Energy, said the government is seeking foreign investors for eight projects, with a total value of (US)$10 billion. These projects are expected to comprise approximately 85 percent of new capacity through 2006. The Federal Electricity Commission (CFE) recently auctioned off several construction projects. The government only recently allowed private investment in the electricity sector.

“1998 will be the year for electricity,” he said. “We have the regulatory and legislative framework in place to actually launch the program.”

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