Tag Archives: contracts

AMLO Says He Will Cancel Energy Contracts without Compensation

By THÉRÈSE MARGOLIS Mexican President Andrés Manuel López Obrador (AMLO) said Friday, March 25, that under his controversial proposed Electricity Reform Bill, which would prioritize state-run companies using carbon-based fuels over private clean energy sources, there will be no government compensation for losses incurred by private-sector suppliers. In response to concerns expressed by U.S. Trade Representative Katherine Tai, who on

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Congress Goes on Untendered Spending Spree, Gives Deputies Huge Bonuses

By THE PULSE NEWS MEXICO STAFF Mexico’s lower house Chamber of Deputies pulled out all the stops when it came to spending in the second half of 2021, handing out untendered contracts right and left (well, maybe more left than right) for unbidded-on services and goods in an effort to use up its allocated annual budget. During the second session

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Pemex and the CFE in Eye of a Political Hurricane

By RICARDO CASTILLO     Mexico’s state-owned energy companies Petróleos Mexicanos (Pemex) and the Federal Electricity Commission (CFE) continue to be leading problems for the administration of President Andrés Manuel López Obrador (AMLO). Both are separate entities that must be dealt with separately. So we’ll start with a look at Pemex, and then consider th CFE a few paragraphs down. Pemex and

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