{"id":1417,"date":"2021-11-18T06:01:00","date_gmt":"2021-11-18T06:01:00","guid":{"rendered":"https:\/\/energiesnet.com\/espanol\/?p=1417"},"modified":"2021-11-22T06:03:33","modified_gmt":"2021-11-22T06:03:33","slug":"amlo-puts-22-billion-in-energycontracts-at-risk","status":"publish","type":"post","link":"https:\/\/energiesnet.com\/espanol\/amlo-puts-22-billion-in-energycontracts-at-risk\/","title":{"rendered":"AMLO puts $22 billion in energy
<\/strong>contracts at risk<\/strong>"},"content":{"rendered":"\n

Mauricio Palos\/Bloomberg

Photovoltaic panels at the Salsipuedes solar plant in Villa de Arista, San Luis Potosi state, Mexico,
on Friday, Oct. 8, 2021. <\/p>\n\n\n\n

– Clean-energy installations totaling 15,000 megawatts in peril
– Private companies represent the majority of green developments<\/p>\n\n\n\n

By Amy Stillman \/ Bloomberg<\/p>\n\n\n\n

MEXICO CITY
Petroleumworld 11 18 2021

Mexico President Andres Manuel Lopez Obrador\u2019s proposed electricity reform could derail more than $22 billion of solar, wind and other renewable-energy installations owned by major foreign companies such as Iberdrola SA and Sempra Energy.<\/p>\n\n\n\n

The bill proposed to lawmakers last month would cancel some electricity-generation permits granted to foreign operators and give priority to the aging hydro, nuclear and natural gas-fired plants run by state-owned power utility Comision Federal de Electricidad, or CFE.<\/p>\n\n\n\n

Wind and solar projects would be pushed toward the bottom of the list, beating out only gas- and coal-fired generation from non-state providers. The bill seeks a constitutional guarantee that CFE holds 54% of the market compared with 38% currently.<\/p>\n\n\n\n

Although non-state companies would maintain as much as 46% of the electricity market, current contracts are expected to be reviewed. As much as 15,000 megawatts of clean-energy generation are at stake, according to BloombergNEF.<\/p>\n\n\n\n

Lopez Obrador swept into power promising to expand state control of Mexico\u2019s energy by dialing back previous market-friendly reforms. He has come under fire from renewable-energy companies and environmental groups for pushing a fossil fuels-heavy agenda at a time when other nations are working to curb emissions.<\/p>\n\n\n\n

Foreign companies have invested heavily in Mexico since its electricity market was opened to private investment in 2013 and 2014.<\/p>\n\n\n\n

\"\"\/<\/figure>\n\n\n\n

Renewable-energy lobbyists have warned the proposed changes could undermine pledges Mexico made under the Paris Agreement on climate change.<\/p>\n\n\n\n

Getting the bill passed won\u2019t be easy and will require AMLO\u2019s ruling Morena party and legislative allies to win over opposition lawmakers to gain the two-thirds majority needed for approval in both chambers. The measure also requires passage by a majority of state legislatures.<\/p>\n\n\n\n

The current congressional session ends in mid-December, leaving lawmakers just a few weeks to hammer out the details of any deal. Federal and state-level legislators are expected to fully vote on the bill by mid-April, according to Ignacio Mier, leader of Morena in the lower house.<\/p>\n\n\n\n

CFE\u2019s bonds declined, indicating that investors aren\u2019t expecting the bill to obtain final approval. Political-risk consultancy Eurasia Group gives the measure just a 30% chance of passage.<\/p>\n\n\n\n

Still, officials from the opposition PRI party have told Bloomberg there is a possibility it may succeed after their own leadership said they want to debate the measure and not reject it outright.<\/p>\n\n\n\n

<\/em><\/em><\/p><\/blockquote>\n\n\n\n

_____________

By Amy Stillman from Bloomberg News<\/p>\n\n\n\n

bloomberg.com<\/a> 11 17 2021<\/p>\n\n\n\n

Copyright \u00a91999-2021 Petroleumworld or respective author or news agency. All rights reserved.<\/p>\n\n\n\n

Petroleumworld.com Copyright \u00a92021 Petroleumworld.<\/p>\n","protected":false},"excerpt":{"rendered":"

Mauricio Palos\/BloombergPhotovoltaic panels at the Salsipuedes solar plant in Villa de Arista, San Luis Potosi state, Mexico,on Friday, Oct. 8, 2021.  – Clean-energy installations totaling 15,000 megawatts in peril– Private companies represent the majority of green developments By Amy Stillman \/ Bloomberg MEXICO CITYPetroleumworld 11 18 2021 Mexico President Andres Manuel Lopez Obrador\u2019s proposed electricity …<\/p>\n

AMLO puts $22 billion in energy
<\/strong>contracts at risk<\/strong><\/span> Leer m\u00e1s »<\/a><\/p>\n","protected":false},"author":1,"featured_media":1418,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"site-sidebar-layout":"default","site-content-layout":"default","ast-global-header-display":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","footnotes":""},"categories":[30],"tags":[],"class_list":["post-1417","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top-news"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t