{"id":2219,"date":"2021-12-07T12:59:00","date_gmt":"2021-12-07T12:59:00","guid":{"rendered":"https:\/\/energiesnet.com\/espanol\/?p=2219"},"modified":"2021-12-08T13:01:24","modified_gmt":"2021-12-08T13:01:24","slug":"mexican-electricity-overhaul-is-hurting-investmenteu-says","status":"publish","type":"post","link":"https:\/\/energiesnet.com\/espanol\/mexican-electricity-overhaul-is-hurting-investmenteu-says\/","title":{"rendered":"Mexican electricity overhaul is hurting investment,
EU says<\/strong>"},"content":{"rendered":"\n

Daniel Becerril \/Reuters

A general view shows high voltage power lines owned by Mexico’s state-run electric utility known as the Federal Electricity Commission (CFE), in Santa Catarina, on the outskirts of Monterrey, Mexico February 9, 2021.

Reporting by Dave Graham<\/a> \/ Reuters<\/p>\n\n\n\n

MEXICO CITY
Petroleumworld 12 07 2021<\/p>\n\n\n\n

A Mexican government initiative in Congress to overhaul electricity sector rules in favor of the state is worrying European firms and governments, as well as crimping investment, the European Union’s ambassador to Mexico said on Thursday.<\/p>\n\n\n\n

Ambassador Gautier Mignot said the reform that prioritizes state-run utility the Comision Federal de Electricidad (CFE) over private capital, risked hindering companies’ efforts to meet targets of increasing their renewable energy supply.<\/p>\n\n\n\n

\u00abSome companies are going to say, OK, if I can’t meet these objectives – which are global corporate objectives – well, I’ll need to leave Mexico,\u00bb Mignot told reporters during an event at the EU’s official representation in Mexico City.<\/p>\n\n\n\n

Mexico’s government argues the overhaul is vital on the grounds that past, corrupt administrations rigged the market in favor of private interests, to the detriment of consumers, the CFE and state oil company Petroleos Mexicanos (Pemex).<\/p>\n\n\n\n

But it has fed considerable concern among Mexico’s allies.<\/p>\n\n\n\n

Mignot underlined the need for energy contracts with Mexico to be respected, while saying \u00absome adjustments\u00bb to rules could be made on occasion if negotiated jointly with investors.<\/p>\n\n\n\n

Both European companies, which have invested some $13 billion in renewable energy in Mexico, and governments, were concerned about the impact of the market overhaul, Mignot said.<\/p>\n\n\n\n

\u00abThe brakes are really on new investment because there’s a context of uncertainty, which means it’s very difficult to invest in the current context,\u00bb he added.<\/p>\n\n\n\n

\u00abNot all (companies) are going to withdraw from Mexico, but some … are going to reduce their activity a lot, companies from this sector and other sectors.\u00bb<\/p>\n\n\n\n

This is because European headquarters of companies were instructing their foreign operations to reach net zero emission targets in the next \u00abtwo, five, 10 years,\u00bb he said.<\/p>\n\n\n\n

_____________<\/p>\n\n\n\n

Reporting by Dave Graham; editing by Grant McCool from Reuters

reuters.com 12 07 2021 <\/a> <\/a><\/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":"

Daniel Becerril \/ReutersA general view shows high voltage power lines owned by Mexico’s state-run electric utility known as the Federal Electricity Commission (CFE), in Santa Catarina, on the outskirts of Monterrey, Mexico February 9, 2021. Reporting by Dave Graham \/ Reuters MEXICO CITYPetroleumworld 12 07 2021 A Mexican government initiative in Congress to overhaul electricity sector …<\/p>\n

Mexican electricity overhaul is hurting investment,
EU says<\/strong><\/span> Leer m\u00e1s »<\/a><\/p>\n","protected":false},"author":1,"featured_media":2222,"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":[45],"tags":[],"class_list":["post-2219","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-noticias-diarias"],"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