Mexico’s 1800 MW annual target to satisfy demand

Mexico will need to produce 27 000 MW of additional power - equating to 1800 MW a year - over the next 15 years to keep up with rising demand, according to a new report by Fitch Research.

Mexico’s rising energy demand is closely linked to its economic development, the report said, with the bulk of the demand growth coming from its industrial sector - annual average growth rate estimated to be 5 per cent.

Government-owned Comision Federal de Electricidad (CFE) is currently responsible for 91 per cent of the power generation in Mexico, and by law is the only firm with a license to provide electricity transmission and distribution services.

According to Fitch Research, which is part of the ratings agency Fitch Ratings: "The relationship between CFE and the government is strong, extending beyond ownership and exposes the company to regulatory risk and political interference.”

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