Mirage Energy Corp (MRGE)

[Andyman23]

Source #2 for TOMORROW!
- Italics are my notes -

"CFE bond issue gives clues to soon-to-be-announced energy infra bonanza"

Last year’s cancelled energy auctions rattled nerves in the Mexican private renewables sector, which have only grown more fragile amid recent signs that the government is working to use regulation to squeeze the private sector out of the generation business.

Hopes are on the rebound, however, ahead of what looks to be a massive public-private energy infrastructure program possibly coming as a keynote announcement from the president at the Mexican banking association’s (ABM) annual convention on March 12-13 in Acapulco.

The event is regularly the largest annual gathering of the private sector in Mexico and typically serves as a podium for the president to present his top public-private initiatives for the year. (AMLO, remember your meeting with Romo Monday night. Give them confidence!)

This tracks with AMLO’s comments on Thursday, when he said the package would be announced in the next 10 days after consultation with some energy sector players, including Pemex, CFE, energy minister Rocío Nahle and chief of staff Alfonso Romo (AMLO’s private sector envoy). (Check, check, & check!)

That energy plan is expected to dovetail with the private sector’s own soon-to-be-announced energy infra package – a coordinated 1.79tn-peso (US$88.9bn) spend on some 275 projects rolled out between 2020 to 2024 and encompassing everything from electricity generation, storage and transmission to O&G exploration and production, according to a document leaked to and reported by Reuters on Wednesday.(Nahle & Bartlet are defeated. Delays are over!)

The projects in the document were reportedly the product of discussions between Mexican business association CCE and dozens of energy companies, including Royal Dutch Shell PLC, Mexico's IEnova, France's Engie and Italy's Enel. (AND Mirage Energy)