MEXICO CITY (Reuters) – Mexico’s president on Thursday said he expects to reach agreement with Spanish power generation company Iberdrola
This week, media reports suggested Iberdrola had canned the project after failing to reach a contract to supply power to the state power company, the Comision Federal de Electricidad, or CFE.
But, according to President Andres Manuel Lopez Obrador, no final decision has been made yet. He said a letter sent by Iberdrola officials to the government stating its openness to continue investing in Mexico was a prelude to more talks.
“There’s going to be an agreement,” Lopez Obrador told reporters at a regular morning news conference. “That’s the purpose of this letter, that they want to have dialogue. They’re even asking to talk to me.”
The president then added that he wants Energy Minister Rocio Nahle and CFE chief executive Manuel Bartlett to meet with Iberdrola first.
The company’s planned investment in the port city of Tuxpan was worth some $1.2 billion, according to local media reports.
The leftist president has accused Iberdrola of trying to mount a media campaign against his government in collaboration with his conservative adversaries.
(Reporting by Dave Graham and Ana Isabel Martinez; Writing by Drazen Jorgic; editing by Jonathan Oatis)
