Mexico is planning to invest 140 billion pesos ($8.1 billion) in new gas pipelines over the next four years, the latest step in President Claudia Sheinbaum’s plan to boost the country’s power generation.
State utility Comision Federal de Electricidad, or CFE, and pipeline network operator Cenagas will contribute, Energy Minister Luz Elena Gonzalez said in a media briefing on Thursday. CFE will build nine new pipelines, while Cenagas will construct three, and will also invest in repair and maintenance of existing infrastructure, she said.