New rules in Mexico affecting renewable power projects are criticized for favoring the country’s state-owned utility
MEXICO CITY—The Mexican government moved to seize more control of the country’s electricity market, affecting dozens of renewable energy projects worth more than $6 billion at a time when the country faces a sharp recession because of the coronavirus pandemic.
Energy companies and local industry groups said new rules for operation of the power grid, published late Friday, favor Mexico’s state-owned electricity utility over private developers and dial back the opening of the power market to foreign investors.
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