The investment plan for the CFE for 23.4 billion dollars is good news, but insufficient given the lag in the sector, warned the Mexican Institute for Competitiveness (IMCO).
“An ambitious CFE investment plan is presented, although if we see it per year, it is not something that different, but it is a significant amount and it also opens the door to a certain amount of private investment,” said the energy and environment of the analysis center, Oscar Ocampo, after the federal government announced the National Strategy for the Electric Sector.
He explained that the country comes from five or six years of very low investment in the generation and transmission of electricity that has not exceeded amounts of 5,000 or 6,000 million pesos, so there are very important bottlenecks, in addition to there being a deficit of generation in places like the Yucatán Peninsula and around Monterrey, which require urgent investment.
“Although it is a good start, it is necessary to go further and the next challenge is that this investment of 23.4 billion dollars does not financially compromise the CFE, that they are going to use all possible mechanisms to fund it without this weaken your financial position,” said the specialist in an interview with Forbes Mexico.
Read: CFE announces investment of 23,400 million dollars towards 2030, with private support in renewables
He added that going further implies using all mechanisms to fund electrical infrastructure, so it is good that the door is opened to private investment.
In this sense, he inferred that the announcement of a participation of mixed producers would imply public-private associations.
The federal government reiterated that the private participation in the generation of electrical energy will be 46%, an amount that is important only if CFE maintains accelerated growth in its generation capacity, assured Óscar Ocampo.
Follow us on Google News to always stay informed
He added that the government mentioned that private participation is in the generation of electricity, not in transmission, which is where there is a lot of lag and the problem is that only CFE can invest in transmission, so the 7.5 billion dollars that are contemplated in the national strategy for this area are likely to be insufficient.
According to the figures released by the Ministry of Energy and the CFE, of the 23,400 million dollars that are contemplated to invest in the electricity sector, 12,300 million will be for the generation of 13,024 MW; 7.5 billion for transmission infrastructure, and 3.6 billion for distribution, which involves substations, transformers and feeders.
Get inspired, discover and share. Follow us and find what you are looking for on our Instagram!
