Pension funds invest heavily in Mexico's energy sector
Mexico's pension funds have invested 114bn pesos (US$5.9bn) in bonds issued by NOC Pemex and state-run electricity company CFE. According to Mexico's finance ministry, the country's pension funds hold 25.1% of CFE and 7.1% of Pemex bonds with values of 45.5bn pesos and 67.3bn pesos, respectively.
Pension funds invested particularly strong in CFE Capital's Fibra E vehicle. Of the 863mn certificates with a value of 16.4bn pesos, 89.6% of Mexican issue and 59.7% of global issue were snapped up by national pension funds Azteca, Banamex, Invercap, PensionISSTE, Principal, Profuturo, Sura and XXI Banorte.
The Fibra E is a specialized investment vehicle to facilitate investment in the generation, transmission and distribution of electric energy, as well as infrastructure projects related to Mexico's 2015 energy reform.
Subscribe to the leading business intelligence platform in Latin America with different tools for Providers, Contractors, Operators, Government, Legal, Financial and Insurance industries.
News in: Electric Power (Mexico)
Where BTG Pactual sees the best project finance opportunities
Gustavo Fava, head of project finance at BTG Pactual, spoke with BNamericas about the key sectors for the Brazilian investment bank.
Sixth ECPA Ministerial Meeting concludes; Almonte highlights achievements
Several countries adhered to the CertHilac protocol for the certification of clean hydrogen in Latin America and the Caribbean
Subscribe to Latin America’s most trusted business intelligence platform.
Other projects in: Electric Power (Mexico)
Get critical information about thousands of Electric Power projects in Latin America: what stages they're in, capex, related companies, contacts and more.
- Project: Construction of 2 New Circuits for the Traconis Medium Voltage Substation (TRC), in the Municipality of Centro, in the State of Tabasco. PO 702/2023 PEC 199/2023.
- Current stage:
- Updated:
1 month ago
- Project: DJ-O-CA-044-2024 INSTALLATION OF EQUIPMENT FOR THE SMART ELECTRICAL GRID (REI) IN THE ZTJO III SUBSTATIONS
- Current stage:
- Updated:
1 month ago
Other companies in: Electric Power (Mexico)
Get critical information about thousands of Electric Power companies in Latin America: their projects, contacts, shareholders, related news and more.
- Company: Soluciones Integradas para Infraestructura Electrica de Potencia S.A. de C.V. (SIIEP)
-
The Mexican engineering company SIIEP offers design, execution and commissioning solutions for electricity projects, including substations, transmission lines, and wind and sola...
- Company: Acciona Energía México, S. de R.L. de C.V. (Acciona Energía México)
-
Acciona Energía México is the local subsidiary of Spanish renewable energy operator Acciona's energy division. The company develops wind and photovoltaic projects, offering Engi...
- Company: Avanzia Instalaciones, S.A. de C.V. (Grupo Avanzia)
-
Avanzia Instalaciones S.A. odeC.V. (Grupo Avanzia) is a Mexican subsidiary of Spanish company Cobra Instalaciones y Servicios S.A. (Grupo Cobra). It is dedicated to construction...
- Company: ICA Fluor, S. de R.L. de C.V. (ICA Fluor)
-
ICA-Fluor Daniel, S. de R.L. de C.V. (ICA Fluor) is a JV formed in 1993 between Mexican engineering construction group ICA and US-based engineering, procurement, construction an...
- Company: Wind Pro, S. A. P. I. de C. V.
- Company: Axis Communications (Axis LAC)
-
The description included in this profile was taken directly from an official source and has not been modified or edited by the BNamericas’ researchers. However, it may have been...
Subscribe to the leading business intelligence platform in Latin America with different tools for Providers, Contractors, Operators, Government, Legal, Financial and Insurance industries.
