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News Article

No New Plans / Vote “Yes” for Electrical Reform

By Sofía Hanna | Mon, 01/31/2022 - 13:19

Mayan Train inauguration. Andrés Manuel López Obrador said his government and Mexican companies have to redouble efforts to be able to finish the construction of the Mayan Train by December 2023. “We are advancing according to plan and it is great work. There are 1,500km of railways. It is like going from CDMX to Cancun; more or less, that is the dimension of the work. There are seven large sections, approximately 250km per section. Five large companies are already working on advancing the project and two and a half sections correspond to the military engineers.” Although the date for the inauguration is late in 2023, the first train is scheduled to be delivered in July of next year.

 

Energy reform. The issue of the energy reform is expected to be “resolved” as soon as possible to prevent companies from abusing consumers regarding electricity prices, said López Obrador. “We have been here for more than three years and the price of electricity has not increased; it will not increase while we are in government. However, we want to resolve it going forward. If CFE is not strengthened, private companies, whose fundamental purpose is to profit, will abuse consumers, as they are doing in Spain and as they are doing everywhere else.”

 

According to the Government, currently, CFE generates 38 percent and the private sector 62 percent of the energy used in the country, something that is hoped to be reversed with the reform, which was already sent to Congress last September. The goal is for CFE to generate at least 54 percent of the energy output. Since 2018, López Obrador has sought to reverse the Energy Reform of his predecessor, Enrique Peña Nieto, which opened the sector to private companies.

 

Political adversaries. The president said that his honesty is what he values ​​most in life and warned his opponents that he will continue forward with the Fourth Transformation of the country’s public life. “We are going forward with Mexico’s transformation, even though those who felt they owned Mexico and the press, sold or rented, and the organic intellectuals, pimps of the corrupt regime, do not like it. We are going forward with the people, with everyone, but trusting a lot in the loyalty of the people.”

 

No new megawroks. “There will be nothing pending, the goal is to finish everything. That is why we are not starting any new projects. We do not want to indebt the country, either; we are going to go as we are,” said López Obrador. He stressed that the only thing that will remain pending are the social programs of his administration, which have already been elevated to Constitutional decree. The works that the government will keep are The Mayan Train, the Dos Bocas refinery and the Felipe Ángeles International Airport.

 

Advance of pensions and scholarships. Ariadna Montiel, Minister of Welfare, said the government will advance pensions for older adults, scholarships and other forms of economic support, due to the electoral ban leading up to the popular referendum on revocation of mandate and the elections in six states. No later than March, beneficiaries will receive payment for a full quarter’s worth of economic aid.

 

 

 

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Click HERE for full transcript in Spanish

The data used in this article was sourced from:  
Gobierno de México
Photo by:   GOBMEX
Sofía Hanna Sofía Hanna Journalist and Industry Analyst