Mexico’s CFE Sees Infrastructure Spending Near $16.6 Billion

Mexico’s CFE Sees Infrastructure Spending Near $16.6 Billion

Comision Federal de Electricidad (CFE) Mexico’s state-owned power company, expects $16.6 billion will be spent on infrastructure, including pipelines and power projects, in the coming years as the nation opens to outside investment.

The CFE is planning for 14 natural gas pipelines, 14 renewable energy projects and six combined-cycle natural gas generation plants, Chief Executive Officer Enrique Ochoa said in a recent interview on Friday at the World Economic Forum in Riviera Maya, Mexico. The renewable energy projects will be hydropower, geothermal and wind farms, he said.

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