Are CFE's mixed contracts sufficient?
The Mexican government, through the Comisión Federal de Electricidad (CFE), is engaging in projects with private companies to develop 6,500 megawatts of electrical generation capacity, which raises questions about energy policy and international agreements regarding energy supply.
The Mexican government, led by President Claudia Sheinbaum, has revealed plans to collaborate with private companies to develop 6,500 megawatts of electricity generation through mixed contracts with the Comisión Federal de Electricidad (CFE). This initiative aims to not only increase the country's electric generation capacity but also to alleviate concerns about the government’s willingness to compromise on energy issues in relation to the United States. This is particularly significant as the North American Free Trade Agreement (T-MEC) undergoes review, a process that has generated apprehension among stakeholders.
However, many experts argue that 6,500 megawatts is insufficient for a country like Mexico, which faces increasing energy demands due to its industrial characteristics. The challenges posed by intermittency in renewable energy supply remain crucial. The government's mixed contracts represent a strategy to tackle this issue while still working within the bounds of its national energy policy.
This approach reflects the Sheinbaum administration's dual objectives: to grow the national electric grid capacity and to maintain a firm stance against what it perceives as external pressures, particularly from the United States concerning energy investments. As the situation develops, the real effectiveness of these mixed contracts in addressing Mexico’s energy supply problems will become clearer, especially in the context of international agreements.