March 9, 2022 |
The proposed changes to Mexico's electricity sector that President Andrés Manuel López Obrador sent to Congress in October last year could lead to "incalculable" costs for consumers, an analyst told LatinFinance on Tuesday.
Under the president's proposal, state-owned utility company CFE would generate 54% of electricity in Mexico, and private companies would produce 46%.
If contracts are cancelled as a result of the reforms, "the costs will be incalculable, not only for generators but also for l
Cancelled power contracts could most affect the food, cement and steel industries, analyst says