Mexico Electricity law could represent another blow for foreign investment: analysts

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(The Mexico News Daily)

‘Nobody is going to want to invest while there’s no solid and firm guarantee of the rule of law’ 

A proposed law that would overhaul Mexico’s electricity market to favor the state-owned Federal Electricity Commission (CFE) will scare off foreign and domestic investment, according to analysts who spoke to the newspaper El Financiero.

A reform to the Electricity Industry Law was to be put to a vote in the lower house of Congress on Tuesday.

The bill, which would prioritize the injection of CFE-generated power to the national grid over that generated by private companies, is expected to be approved by Congress because the ruling Morena party leads a coalition with majorities in both houses.

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