LatinNews Daily - 11 April 2022

In brief: Mexico’s gov’t to review energy self-supply permits

*The government of Mexico has announced that it plans to review and revoke electricity self-supply permits that are considered illegal. In a statement, the government said there existed 234 self-supply permits, of which it believed 110 to be illegal. The statement also said that the government will review the legality and financial profitability for the State of independent production contracts, which may be renegotiated and terminated where necessary. The statement said this would put an end to “inherited business that benefited private foreign investment”, naming Spanish energy companies Iberdrola and Naturgy and multinational power company Enel, among others. The announcement follows a decision by Mexico’s supreme court (SCJN) on 7 April to reject a constitutional challenge to President Andrés Manuel López Obradors electricity bill, which seeks to prioritise electricity produced by state-run electricity firm Comisión Federal de Electricidad (CFE) over that of private renewable energy providers. López Obrador has celebrated the SCJN’s ruling. However, two more constitutional challenges and multiple legal appeals must be resolved before the bill can become law.

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