Mexico To Buy 13 Power Plants From Spanish Energy Major ...Middle East

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Mexico To Buy 13 Power Plants From Spanish Energy Major
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Mexico is set to buy 13 power plants currently operated by Spain’s utility major Iberdrola in a deal worth some $6 billion. The purchase, Reuters reports, is part of the Lopez Obrador government’s ambition to return control over Mexico’s electricity market to government hands. In a video, President Andres Manuel Lopez Obrador said the deal will give state-owned utility Comision Federal de Electricidad majority control over the Mexican electricity market and called it “a new nationalization of our electric industry." Mexico’s…

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