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Analysis

Mexican Centers of Innovation in Energy

Wed, 02/24/2016 - 16:37

While the potential economic benefits of the Energy Reform have been broadly celebrated, there is one issue that raises concerns for both companies and authorities in that 500,000 jobs are expected to be created in the electricity industry in the next few years. Leonardo Beltrán, Undersecretary of Planning and Energy Transition, explains that the growth of an economy depends on capital, land, and labor. He is confident that capital will not be an issue due to the new legislation and the country’s natural resources. As for talent, several initiatives must be implemented to make sure that there is enough talent to cover the demand as the industry grows. “Now that the sector is open, market driven, and transparent, CFE and PEMEX will have to compete for talent with private players. If we do not provide a skilled labor force from the outset, it must be imported, which is not sustainable,” Beltrán warns. 

Part of the government’s strategy to develop the valuecreating skilled labor for the sector consists of investing in networks aimed at exchanging knowledge and technology.