Recently Released Market Study: Mexico Power Report Q1 2013
BMI View: Whilst we continue to hold the view that gas generation will remain dominant in Mexico, supported by existing capacity and access to cheap gas, we note that this quarter has seen some interesting developments in the hydropower sector. Most notably, the Federal Electricity Commission (CFE) sold MXN13.5bn (some US$1.05bn) in bonds on the domestic market to finance construction of the La Yesca hydroelectric power plant in September 2012. With regard to consumption, we continue to anticipate a fairly...
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