Sheinbaum to Promote Private Investment in Energy: Ebrard

Recognizing the urgent need for energy investment, Claudia Sheinbaum will unveil a plan on Oct. 15 at a forum with US and Mexican CEOs, emphasizing the private sector’s key role in industrial development and paving the way for expanded investment opportunities.

Last week, the Chamber of Deputies passed a new energy reform with 353 votes in favor and 122 against. This reform stipulates that 54% of the nation’s electricity generation will be managed by CFE, aiming to enhance sector planning and ensure a reliable power supply. The remaining 46% will be open to private sector participation. However, analysts have raised concerns about the feasibility of this plan, estimating it could cost up to US$50 billion.

Recognizing the need for increased investment, Ebrard has prioritized creating a business-friendly environment in Mexico. “Connecting closely with CEOs is essential. We must provide them with the right information to support their decision-making. Building trust and nurturing strong relationships is critical. We aim to collaborate more closely with them over the next six years to achieve our primary objectives,” he stated.

Ebrard also highlighted the administration's goal to reduce dependence on imports from China and other Asian countries while avoiding tariffs on Mexican exports. This issue has been emphasized by Republican presidential candidate Donald Trump, who criticizes the flow of Chinese goods into the United States through Mexico. Under Joe Biden’s administration, the US trade office has urged Mexico to avoid becoming a conduit for low-cost Chinese products, making this a priority for Mexico’s trade strategy. “We must make rational decisions regarding competition with China to prevent disorganized tariff policies among Mexico, Canada, and the United States,” Ebrard concluded.