Renewable energy developers won contracts to produce 1,720 megawatts of power in Mexico during the country’s first-ever private auction after the government ended a decades-long state electricity monopoly in 2013.
Seven wind and solar companies including Enel Green Power, SunPower Systems Mexico and Recurrent Energy won 15-year contracts to rights to provide the state-owned Comision Federal de Electricidad with power beginning in 2018, Cesar Emiliano Hernandez, Mexico’s deputy electricity minister, said in Mexico City.
The contracts are expected to generate more than $2.1 billion in investment by 2018, he said.
“The results were better than some of the most successful auctions in the world,” Hernandez said in a press conference in Mexico City. “Many top level international companies competed and Mexico will receive a very important amount of investment.”
Mexico is restructuring its energy markets in an effort to spur billions in investment after a historic overhaul approved in 2013 to open state-run monopolies in the oil and electricity industries. The government has set a goal of getting 35 percent of its energy from clean sources by 2024, up from 25 percent now.
Reuters – An international panel of experts that picked apart the Mexican government’s account of what happened to 43 students who disappeared in 2014 will cease work in the country by late April, a senior government official said.
EFE – Mexico’s economic activity rose 2.9 percent in January, compared to the same month in 2015, thanks to strong performances by all three sectors of the economy, the National Statistics Institute, or INEGI, said Tuesday.
Bleacher Report – Group A in the CONCACAF 2018 World Cup qualifying process completely belongs to Mexico. That was evident once again on Tuesday when El Tri handled Canada with relative ease at Estadio Azteca, 2-0.
Reuters – Kia Motors expects to start production at its first Mexico factory in the first half of this year as planned, despite local government calls for a change to an investment deal reached with the South Korean company.
Business Journal – Southwest Airlines Co. terminated its nonstop service between San Antonio and Mexico City this month, a decision that marks a setback for local leaders who are working to improve the market’s air connectivity.
Reuters – Mexico’s ICA posted a fourth-quarter net loss more than five times higher than in the same period a year earlier, as the embattled construction company won fewer contracts and its debt soared.
Televisa – According to data from the OECD, Mexico ranks first worldwide in sexual abuse, physical abuse and murder of children under 14 years. This means that about 4.5 million children are victims of sexual abuse in Mexico.
Mexico’s financial watchdog slapped close to $3.5 million in fines on toll-road operator OHL Mexico and two of its units over accounting practices that boosted its income and asset valuations.
OHL Mexico, a unit of Spain’s Obrascón Huarte Lain, said in a news release Monday that Mexico’s Banking and Securities Commission also ordered it to submit a restatement proposal as part of its probe into the company’s alleged accounting irregularities.
The investigation focused on OHL’s claim that its contract with the State of Mexico for a major toll road it operates outside Mexico City allows the company to earn a guaranteed 10 percent annual profit above inflation via toll increases and other measures.
OHL has said the state is liable for the guaranteed profit even if OHL doesn’t recover those funds during the life of the contract, an interpretation that Mexico’s financial watchdog disputes.
AFP – Mexican police say they have captured a man identified as the chief financial officer behind drug kingpin Joaquin “El Chapo” Guzman’s empire, who they say laundered some $4 billion in the past decade.
The Poultry Site – Mexico has reopened its border to Canadian fresh poultry meat. The deal includes chicken, turkey and, most significant in terms of historical trade, duck meat. Mexico closed its borders in 2004 following an outbreak of avian influenza.
Televisa -The prosecutor’s office in Nuevo Leon, confirmed the theft of $2.4 million that were sheltered in the vault of a security company in Terminal colony in Monterrey. The theft occurred in two minutes.
The US National Oceanic and Atmospheric Administration (NOAA) has extended its rules labeling Mexican tuna imports as “dolphin-safe” to cover the rest of the world, in a bid to end its trade dispute with Mexico.
On March 22, NOAA Fisheries filed an interim final rule to implement regulations under the Dolphin Protection Consumer Information Act (DPCIA), to enhance the requirements for documentation and captain training to support labels on tuna products that represent the product as “dolphin safe.”
“NOAA Fisheries considers the DPCIA and the dolphin-safe labeling effort to be a valuable management and conservation tool in reducing tuna fishing-related death and serious injury to dolphins,” it said.
The interim final rule is intended to strengthen the regulatory framework by which the DPCIA is implemented, and to ensure that the United States satisfies its obligations as a member of the World Trade Organization (WTO), the body added.
This week, it was revealed that Mexico is planning to request authorization from the WTO to impose $472 million in sanctions against the US.
Goal – You know this article. This is the column in which we tell you about how Mexico will line up, about what manager Juan Carlos Osorio will do in Friday’s match against Canada. But here’s the truth: We just don’t know.
Hellenic Shipping News -Inchcape Shipping Services (ISS), the world’s leading maritime and logistics service provider, has expanded its operations in Mexico with the opening of a new office in Veracruz.
AP – The Red Cross in Mexico says it is bringing down the bodies of two climbers who died in a fall at the Nevado de Toluca volcano. Three other climbers reported that they saw the two men fall about 1,000 feet to their deaths. A search team reached the spot late Sunday and confirmed the deaths, but recovery efforts were delayed because of bad weather.
Blouinart – A US design collective Third Mind Foundation has announced an international competition to design a wall on the border between the US and Mexico, in response to presidential candidate Donald Trump’s promise to build a wall along the border.
Nogales International – A Mexican teenager was busted at a local port of entry while trying to drive into Mexico with 5,560 rounds of ammunition. U.S. Customs and Border Protection officers were performing outbound inspections at an unspecified Nogales port when they referred an 18-year-old Mexican male for a secondary inspection of his GMC SUV. During the search, officers found the assorted ammunition hidden throughout the vehicle.