Mexico to invest $9 bn in power to 2005

Dec 26, 1996 01:00 AM

Mexico's Federal Electricity Commission, the national power utility, plans to invest $ 9 bn to the year 2005. The investments will be channelled into transmission and distribution projects, promoting the private sector participation under turnkey contracts. Plans are to boost the national grid by an additional 12,350 megawatts because of an estimated increase in consumption over the next years of 5.1 percent per annum.

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