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Mexico plans to attract up to $62 billion in investment through energy reform

Cathedral of Guadalajara , Mexico (Source: Flickr - CC - by Ari Helminen)
Francisco Rojas 11 Mar 2015

How much of this $62 billion will eventually end up in renewables and geothermal is unknown at the moment. Geothermal tenders will be open to private investors in August 2015.

The Mexican energy reform has had a cascade of consequences, specially for the renewable energy sector. Thanks to the reforms, it is foreseen that “a total investment of US $ 62,500 million” will be done according to local news sources.

How much of this $62 billion will eventually end up in renewables and geothermal is unknown at the moment.

According to the same local source, the Round Zero for geothermal field has received little to no advertising by the CFE, contrary to the principle of transparency of the passed legislation.

At a conference, Secretary Pedro Joaquin Coldwell said that until July,  (two months passed the legal term) will the geothermal allocations will be given to the CFE, and only in August will tenders be opened to private investors.

Ochoa Reza said only two of the four geothermal installations from the CFE, Los Azufres in Michoacan, and Los Humeros, in Pueblan have plans to build news power plants.

Source: America Economía