Mexico forecasts financial need in energy investment

Sep 24, 2001 02:00 AM

Mexico will require investments of 150 bn pesos per year for the next several years in order to respond to growing demand for goods and services from the energy sector, said Energy Minister Ernesto Martens.
While the country currently has sufficient energy resources, entities such as Pemex and state-owned power utility the Federal Electricity Commission (CFE) are not left with the resources required for continued investment, he said.
"While the requirements grow, our businesses lack sufficient resources to invest, depend each year on the budget and support a fiscal policy that weakens their ability to function," Martens said.

Source: El Universal/Corporate Mexico by Internet Securities via Newspage
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