Foreign investment in Mexico's electricity sector plummets

Public investment in Mexico is not growing because we are not investing, and not because of a lack of financing or opportunities, but because of uncertainty, because the government decided to close spaces where we generate bottlenecks, such as in electricity, said Carlos Elizondo Mayer-Serra.

While participating in the Alacero Summit 2022 in Monterrey, Nuevo Leon, he explained that anyone in the manufacturing sector, the main restriction they have today to operate in the country is to have electricity at a good price with certainty and that is ecologically sustainable.

He detailed that foreign investment in the electricity sector in Mexico so far this year is 624 million dollars, (mdd), when in 2018 it amounted to 4 thousand 800 mdd, while public investment in the electricity sector during 2018 was 41 thousand 864 mdd, in 2021 it was 24 thousand 783 million dollars.

Public investment in the electricity sector had been rising and has fallen dramatically despite the rules have been biased to help public investment, highlighted the political scientist.

He mentioned that foreign investment in the electric sector collapsed because the rules of the game changed and we are in an absurd situation with wind, solar and thermoelectric plants disconnected from the grid, for example, the Iberdrola plant.

He said that there are problems to supply enough electricity, to give certainty and to move forward and this, which is a big problem, in the future will be a great opportunity for the next government.