The Secretary for Energy of Mexico expects that the energy reform will boost investments in energy and estimates that the private sector will invest a total of US$62.5bn in the construction of gas pipelines and power plants and in exploration and production (first and second phase of the Round One). Investments in gas pipelines should reach US$13.1bn to extend the network to 17,745 km (+54% compared to 2012).
Mexico has approved the construction of 21 new power plants, including renewable and CCGT units. Investments in power generation are expected to reach US$23.79bn by 2018, including US$3.3bn from independent private producers. A total of US$4.45bn should be invested in the modernisation and expansion of the electricity transmission network, with seven new transmission lines (six have already been awarded).
Where the upstream sector is concerned, the first two phases of the Round One have been designed. The first phase including 14 exploration fields in shallow waters is expected to attract an investment of US$8.52bn by 2018 (up to US$16.7bn between 2015 and 2020); the second phase (9 shallow water fields) should attract US$4.45bn.
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