The Mexican government has announced a national power sector strategy for 2024-2030 and plans to invest US$23 billion in the state-owned Federal Electricity Commission (CFE). This plan has four central axes. It will strengthen planning for the domestic power sector, improve energy justice, ensure a reliable electricity grid, and establish clear rules to secure and increase private investment in the sector. To that end, the strategy plans to expand the infrastructure of the Federal Electricity Commission (CFE) and private companies, while aiming to maintain price stability and universalize access to electricity through on-site generation projects. has been done.
CFE's investment plan for this period is $23.4 billion, of which $12.3 billion is in new generation projects (13,024 MW), $7.5 billion in transmission infrastructure, and $3.6 billion in distribution projects. For private companies, the plan considers three ways to participate in the domestic energy market. One is through long-term contracts that may be tendered, and one is to partner with CFEs on projects that are tendered (at least when held by state-owned enterprises). share of 54%), used to generate energy and sell it on the market, adhering to the reliability and backup requirements of the plan.
As of the end of 2023, Mexico's total installed capacity will be 90.6 GW, including 29.4 GW of gas, 22 GW of oil, 12.6 GW of hydro, 10.6 GW of solar, 6.9 GW of wind, 5.5 GW of coal, and 1.6 GW. Nuclear power is 1GW, biomass is 1GW, and geothermal is 1GW.
