2020-12-14 12:30:00
MEXICO'S ELECTRICITY INVESTMENT $3.2 BLN
ENERDATA - 10 Dec 2020 - The Mexican state-owned power utility Comisión Federal de Electricidad (CFE) plans to invest MXN62.8bn (US$3.2bn) between 2021 and 2025 to build 6 CCGT power plants and 5 aero-derivative units with a total capacity of 4,347 MW, including 1,714 MW to supply Baja California and 1,547 MW to supply Yucatan. The projects are expected to improve the country's energy security, solving the energy shortage in the two peninsulas.
Gas-fired power plants account for 38% of Mexico's installed capacity, with 32 GW at the end of 2019. More than 7.4 GW are currently under construction, and 11 GW under development.
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Earlier:
2019, November, 27, 11:30:00
IMF FOR MEXICO: $61 BLN
the Executive Board of the International Monetary Fund (IMF) approved a successor two-year arrrangement for Mexico under the Flexible Credit Line (FCL) in an amount equivalent to SDR 44.5635 billion (about US$61 billion [1] ) and canceled the previous arrangement. The Mexican authorities stated their intention to treat the arrangement as precautionary.
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2019, November, 8, 10:35:00
MEXICO'S ECONOMY GROWTH 1.3%
Mexico's economy growth is expected to accelerate modestly in the near-term, reaching 0.4 percent in 2019, as macroeconomic policies become less contractionary. It is projected to recover to 1.3 percent in 2020 on the back of strengthening consumption and despite continued weakness in investment.
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2019, April, 12, 11:05:00
SHELL SELLS MEXICO $965 MLN
Shell Offshore Inc. (Shell), a subsidiary of Royal Dutch Shell plc, signed an agreement yesterday to sell its 22.45% non-operated interest in the Caesar-Tonga asset in the US Gulf of Mexico to Delek CT Investment LLC, a subsidiary of Delek Group Ltd (Delek). The total consideration for this deal is $965 million in cash.
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