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    AMLO's electricity reform would cause serious damage to the economy: former rector Barnés de Castro

    January 25, 2022 - CE Noticias Financieras


      The former rector of the UNAM, Francisco Barnés de Castro, stated that the electricity reform initiative proposed by President Andrés Manuel López Obrador should be rejected.

      "The reform to the constitutional framework proposed by the Executive must be rejected in all its terms due to the great damage it would cause to the electricity sector, to the CFE itself, to public finances, to investor confidence and to the national economy," he said during his participation in the Open Parliament to discuss the issue.

      The cancellation of generation permits and contracts entered into by the CFE with the private sector would affect hundreds of investors, he said.

      In addition, he assured that it imposes a radical change to the business model of the entrepreneurs, which is in violation of international agreements.

      He explained that the proposal cancels the right of users to contract and receive electricity from sources other than the CFE, and that the modifications proposed to the rules of economic dispatch would only give privilege to the dispatch of national electricity, affecting both investors and clients, since electricity costs would be raised.

      "We have to invest 3 billion dollars a year in generation and transmission if we want to meet the growth in demand, but we will face the same dilemma: where are we going to get the public resources from?" he said.

      The former rector stated that a model capable of producing renewable energy to combat climate change is required.

      "Let's defend a public company that generates efficiently and with renewable energy," he said.


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