Mexican private sector proposes package of $92 billion in energy development

• 4 years ago (2020-03-05)
• David Flin

Gas 379 North America 1004

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Mexico’s private sector has drawn up a broad package worth $92 billion of proposed energy investments for the government, to provide a boost to the country’s economy. The package covers 275 proposed projects to be carried out from 2020 to 2024, encompassing power generation, storage, exploration and transport of natural gas. It is felt that this is intended to influence the Government’s national energy plan, which is soon to be presented.

The projects identified were the product of discussions between Mexico’s Business Coordinating Council (CCE) and dozens of energy companies, including Royal Dutch Shell, Mexico’s IEnova, the US firm Sempra Energy, France’s Engie, and Italy’s Enel.

Rocio Nahle, Mexico’s Energy Minister, said that she will be analysing the private sector plan in the next few days. The projects are due to be privately funded.