Saturday, September 13, 2025

Spanish firm to invest US $1.3 billion in five electrical plants

The Spanish electric utility company Iberdrola is planning to invest US $1.3 billion in five new power generation plants that will market electricity to private enterprise.

Iberdrola México CEO Enrique Alba explained that the new facilities — two combined heat and power plants, two wind farms and a combined-cycle power plant — will be built this year and the next, and will meet the growing demands of the country’s manufacturing and industrial sector.

The investment is part of Iberdrola’s plan to invest a total of $5 billion in Mexico over the next six years.

“Mexico is a growing market, we see an important potential,” said Alba during the signing of an agreement with the Confederation of Industrial Chambers (Concamin).

The confederation’s chairman said that deals like the one reached with Iberdrola are aimed at resolving the blackouts that have been affecting parts of the country, like those on the Yucatán peninsula.

“We are doing our part to propel the growth of Mexico . . . ” said Francisco Cervantes, adding that agreements like this allow the industry to be more participatory.

Source: El Financiero (sp)

Have something to say? Paid Subscribers get all access to make & read comments.
A soldier records the passage of Armed Forces helicopters during rehearsals for the Military Air Parade marking the 215th anniversary of the start of the Mexican War of Independence

Mexico’s week in review: Market confidence, China tariff hikes and military scandal

0
Other headlines included a move by Peru to declare Mexico's president a persona non grata, a one-year high for the peso and fatal roadway accidents that left over 100 people wounded.
News quiz

The MND News Quiz of the Week: September 13th

0
Trash, tariffs and tourism: Have you been following the news this week?
presdent sheinbaum in Sept 2025

Sheinbaum on the defense after China charges Mexico with enacting tariffs under US coercion

31
While rejecting any "appeasement ... toward unilateral bullying” (a clear reference to Trump), the president indicated a willingness to negotiate.
BETA Version - Powered by Perplexity