CFE Shows Business Plan; Reliability Policy Resolution PausedBy Cas Biekmann | Thu, 01/28/2021 - 16:27
CFE aims to consolidate its leading position through its 2021-2025 business plan, featuring a higher budget than the year before. In other news, the Supreme Court has indefinitely postponed its decision regarding the government’s reliability policy.
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CFE to Consolidate Power in 2021-2025
Mexico’s state utility CFE published its business plan for 2021-2025. In the 106-page document, the commission outlined a MX$381.5 billion (US$19 billion) investment plan, focusing primarily on natural gas-based energy generation. For 2021, CFE´s portfolio of projects and investment will increase by 20.6 percent.
Fifty-three percent of this investment, which is partly financed through CFE´s Master Investment Trust, will go toward capacity to generate electricity, whereas CFE´s transmission and distribution arm will receive 20 percent of the investment. That being said, CFE stresses that this investment depends on available resources and further analysis of the projects regarding their financial and operational viability. The rest of the investment is destined to CFE’s telecommunications and internet efforts, Energía a Debate reported.
Supreme Court Postpones Dispute Resolution Over Government’s Reliability Policy
The Second Chamber of the Supreme Court (SCJN) indefinitely postponed the discussion and resolution of a dispute regarding the government’s controversial May 15 reliability policy, reported El Financiero. The issue was raised in court by the Federal Commission for Economic Competition (COFECE). Since the case has quite a bit of resonance, a minister may still request that the matter be submitted to the plenary session of the Constitutional Court at a set date and time.
CRE Grants PEMEX Permit to Generate Energy
CRE issued a permit to PEMEX so it can generate electricity at its ‘Central Plataforma Habitacional Litoral A2’, reported El Financiero. The commission allowed the ‘Clean Cogeneration Energy of Cosoleacaque’ entity to generate energy. CRE furthermore granted a modification to the electrical works of the Viento de Bella Unión solar park in Coahuila, developed by BayWa r.e.
CIRCUTOR AFQ Filters Reduce OPEX, Ensure Grid Code Compliance
Electricity-intensive companies dedicate substantial resources to comply with local standards, laws and codes. These include solutions for correcting the power factor or reducing harmonic currents, but many of these solutions often only do just enough to meet minimum requirements. However, every commercial or industrial facility should prioritize prevention of issues related to power factor and harmonic currents. Although difficult economic times make it challenging to allocate the necessary financial resources to solve these problems, negative consequences lead to much higher costs than those associated with solving the problem. CIRCUTOR helps industrial players, offices and commercial facilities to reduce operating costs and comply with urgent regulatory demands.
Can Biden Pass Energy Bills Through Congress and Senate?
Can US President Joe Biden push a 100 percent clean-energy bill through both Congress and the Senate? Analysts consulted by GreenTech Media think that the chances of clearing a Senate filibuster are bleak. Nevertheless, budget reconciliation can pave the road toward the energy transition. Moreover, should Biden need to push some buttons, Mexico’s energy policy could find itself under US pressure, as well.
Saudi Arabia Highlights Clean Energy Ambitions
Oil giant Saudia Arabia has seen Germany’s success with renewable energy and aims to replicate that success, reports Bloomberg News. “We will be pioneers,” said Energy Minister Prince Abdulaziz bin Salman on a panel at the Future Investment Initiative this past Wednesday, outlining plans to become a pioneer in hydrogen production in an effort to diversify its oil-focused economy.