I think the second half of 2017 and the first half of 2018 will see some increase in federal budgets for infrastructure projects. Conversely, the second half of 2018 and the first of 2019 will be troublesome. During this period, the current president will leave office and the next one will enter. Projects that are already under construction will be given guarantees of continuity but new projects will be scarce. Anticipating that, O-tek is focusing on client diversification by increasing its participation in the private market, in industrial parks and real estate developments. However, because of the line of business in which O-tek thrives, this will only help us get by. O-tek is interested in selling pipes by the kilometer rather than by the meter.
The short-term auctions are among the big puzzles for next year. The Ministry of Energy already published the capacity market manual, a milestone for the industry, and the next one on our list is the manual for establishing three-year contracts for capacity and electricity, known as short-term auctions. CFE’s subsidiaries are still in the process of putting their structures together but next year they will play an important role in the market. For us, 2016 was a transition year but 2017 will be the actual period where the market is up and running, boosting real competition. We can say without a doubt that next year will be the most interesting period for the Energy Reform. We also expect consultancies and law firms to step up their game, which would make the reform’s implementation more dynamic and faster and would spice up competition.