Mexico President to Present Energy Reform Next Week Reuters
go to original August 2, 2013

MEXICO CITY - Mexican President Enrique Pena Nieto said on Thursday his sweeping energy reform, which is expected to include constitutional changes to lure private investment to help stem a slide in output, will be presented to Congress next week.

The energy reform is a key plank of a wider overhaul of key sectors of Mexico's economy designed to boost growth in Latin America's No. 2 economy to 6 percent a year, create jobs and lower energy costs.

"The government will be presenting my initiative, the initiative of the government, in the coming days, I think next week," Pena Nieto told local radio from hospital as he recovers from surgery to remove a benign nodule on his thyroid gland. He gave no details about his bill.

... Mexico's opposition conservative party proposed its own aggressive energy reform on Wednesday, which would dismantle the current ban on concessions and risk-sharing contracts in addition to a broad opening of the electricity sector and the creation of a fund to administer Mexico's oil wealth.

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