Iberdrola will invest $US5 billion in Mexico

Iberdrola will invest $US5 billion in Mexico

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MEXICO The director of Iberdrola in Mexico, Enrique Alba, reaffirmed the commitment of the Spanish company to  invest in the country . Said investment amounts to US$ 5 billiion and it will be allocated to the construction of power generation plants through this sexennium.

The Spanish company anticipated the generation of just over 25,000 jobs during the construction phase; during the operation phase, between 400 and 500 stable job positions will be opened.             

Alba stated that the investment of US$5 billion in this sexennium is destined for the construction of gas and renewable generation plants, which will bring "competitive energy in price and energy that will help the country reach its environmental objectives”

"Iberdrola has a long-term commitment with Mexico. It has a solid commitment and vision to contribute value to the country and help its economic growth. As in all economies, there may be fluctuations, but our plans, our commitment to the country does not change, "he said.

The company has 1,300 employees in Mexico, more than the 500 it had in 2014. "Virtually the investment we made during President Peña Nieto's six-year term allowed us to multiply employment by an investment of approximately US$3.5 or US$4 billion.”Alba recalled.

Between this year and the next, Iberdrola plans to open five clean energy plants in Mexico,through the ones it seeks to supply the private sector’s demand.

He estimated that at the end of this year 25 plants will be in operation in Mexico, of which 10 are sold to the Federal Electricity Commission (CFE) and 15 are sold to private clients.

Source: El Economista