Sheinbaum proposes increasing state electricity generation to 60%

Mexican President Claudia Sheinbaum reaffirmed her administration's commitment to strengthening the Federal Electricity Commission (CFE), the state-owned power company. She announced plans to boost CFE's electricity generation share to 60% through new power plants and mixed investment projects, which are expected to add more than 32,000 megawatts to the national grid. Sheinbaum made these remarks during the inauguration of the González Ortega combined cycle power plant in Mexicali, Baja California. She emphasized the CFE's role as a public enterprise and a cornerstone of Mexico's energy sovereignty. The president noted that when former President Andrés Manuel López Obrador took office in 2018, CFE generated approximately 30% of the nation's electricity, a figure that rose to 54% by the end of his term. "We want to reach 60% with plants from mixed investment to strengthen the Federal Electricity Commission," Sheinbaum stated. The government intends to add around 32,000 megawatts to the national system, with 22,000 megawatts dedicated to renewable energy sources. Some of these projects will utilize private financing, but the plants will remain under CFE's control to prevent the company from incurring debt. This energy policy aligns with the administration's 2025-2030 plan, which outlines 51 electricity projects, aiming to add 22,674 megawatts from CFE and 6,400 megawatts from private investment. Sheinbaum framed the energy policy around three core principles: national sovereignty, reduced environmental impact, and social justice. She also defended the CFE's priority in electricity dispatch over private generation. The newly inaugurated González Ortega plant, a public investment of $704 million, has an installed capacity of 653 megawatts and is projected to generate 5,169 gigawatt-hours annually, according to officials.

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We want to reach 60% with plants from mixed investment to strengthen the Federal Electricity Commission.