Search for

No matches. Check your spelling and try again, or try altering your search terms for better results.

situation report

Feb 8, 2019 | 22:35 GMT

1 min read

Mexico: Lopez Obrador Plans Referendum on $628 Million Power Plant

What Happened: Mexican President Andres Manuel Lopez Obrador is planning to hold a referendum on Feb. 23-24 on the construction of a $628 million power plant in Morelos state, Natural Gas Intel reported Feb. 8. Although construction on the plant is complete, it has not yet started operations. The referendum will only include residents of 32 towns along a 171-kilometer (106-mile) pipeline supplying the plant.

Why It Matters: Holding the referendum would significantly erode investor confidence in Mexico as the plant has already attracted considerable funding and halting the project would be a sign of increasing regulatory risk despite previous assurances.

Background: Lopez Obrador's government has already held informal referendums, including a vote on the construction of a new airport in Mexico City in 2018.

Read More:

Connected Content

Regions & Countries
Companies

Article Search

Copyright © Stratfor Enterprises, LLC. All rights reserved.

Stratfor Worldview

OUR COMMITMENT

To empower members to confidently understand and navigate a continuously changing and complex global environment.

GET THE MOBILE APPApp Store
Google Play