Sunday, December 05, 2021


Obrador defends use of state-owned hydroelectric plants in Mexico

Obrador defends use of state-owned hydroelectric plants in Mexico

Mexico, Oct 14 (Prensa Latina) Mexican President Andrés Manuel López Obrador defended the use and modernization of hydroelectric plants and confirmed an investment plan for their rehab.
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In response to a question in his daily morning press conference, the president said that the Federal Energy Commission (CFE) is in charge of technological renovation. The CFE will change from a company to a state agency with greater projection and control of 54 percent of the generation.

He added that the CFE is in contact with foreign companies that produce equipment and turbines for at least 14 hydroelectric plants with the possibility of being modernized and repowered to double their energy generation.

The President added that there is already a program in place, including the financing, which will be very high. It is very important because the equipment to be renovated is more than 50 years old and will be replaced by more advanced technology, he explained.

He recalled that since the time of Adolfo López Mateo, the president who nationalized the electricity industry in 1960, more than 70 hydroelectric plants were built in the country in almost all the states.

That time was known as a period of stabilizing development with a lot of public investment in infrastructure, which has being present since then and we are going to reinforce it, something that the neoliberal governments did not do to accelerate privatization, he recalled.

We are generating 9.0 percent of our energy in hydroelectric plants and we could double that, he pointed out. This explains the importance of the constitutional reform of the electricity industry that we are promoting, said López Obrador.


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