Vietor Richard H.K., Sheldahl-Thomason Haviland

In 2013, the Mexican government embarked on a series of institutional reforms, ending a decadelong political gridlock to enhance economic growth and competitiveness.  The government targeted the energy sector, among others, and set out a process of making it more competitive, lower cost and environmentally sustainable.  The government amended Mexico’s constitution to allow private investment in both the electric and petroleum sectors.  These amendments, plus a series of laws enacted in 2014 would end the 75-year-old monopolies held by two state-owned behemoths – Pemex and CFE.  Henceforth, Mexico intended to attract domestic and foreign investment into the energy sector.  Moreover, it initiated policies to harness its substantial resource potential, such as solar, wind and geothermal power, and deep-water oil, which had long been underdeveloped.  And it would build a modern energy infrastructure, utilizing inexpensive natural-gas imports from the USA.

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