Mexican president pitches bigger role for state power generation

Mexican President Andres Manuel Lopez Obrador promised in a speech on Saturday t...

FILE PHOTO: Mexico's President Andres Manuel Lopez Obrador gestures as he speaks during a meeting at the Presidential Palace, in Mexico City, Mexico December 10, 2019. REUTERS/Henry Romero/File Photo

Lopez Obrador, a leftist who has long-favored more robust state control over oil and power industries, said the CFE’s share of Mexican power generation market could grow to as much as 70% from about 56% currently by the end of his term in 2024. Lopez Obrador also pledged to boost CFE finances with a restructuring of its debt, but did not specify an amount or a timeline.

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