Mexico to invest $5 billion in electricity infrastructure

Global Business

Mexico’s government will open bidding for 16 major infrastructure projects worth $4.9 billion. It’s all part of sweeping energy reforms in the country’s growing electric energy sector. CCTV America’s Franc Contreras reports from Mexico City.

Mexico to invest $5 billion in electricity infrastructure

Mexico's government will open bidding for 16 major infrastructure projects worth $4.9 billion. It's all part of sweeping energy reforms in the country's growing electric energy sector. CCTV America's Franc Contreras reports from Mexico City.

Analysts say Spain’s electricity generating giant, Iberdrola is among the best-positioned foreign firms now in Mexico.

Iberola’s CEO Eduardo Andrade says his firm is poised to take full advantage of the market opening.

The government says industrial demand for electric power in Mexico is expected to grow 4.5 percent each year for the next 14 years.