June 13, 2024

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Mexican Government Moves to Tighten Grip on Electricity Market

MEXICO CITY—The Mexican govt moved to seize extra handle of the country’s electrical power marketplace, affecting dozens of renewable-vitality projects truly worth extra than $6 billion at the very same time the nation faces a sharp economic downturn for the reason that of the coronavirus pandemic.

Strength firms and area marketplace teams claimed new procedures for operation of the ability grid, released late Friday, favor Mexico’s point out-owned electrical power utility about non-public builders and dial back again the opening of the ability marketplace to foreign buyers.