Business

Mexico Takes Aim at Private Companies, Threatening Decades of Economic Growth



MONTERREY, Mexico—For the previous 20 years, a 1,100-megawatt energy plant owned by Spain’s Iberdrola SA outdoors Mexico’s industrial capital has saved the lights on for scores of firms akin to brewing big Heineken NV, regardless of winter freezes, a hurricane and the occasional brush hearth.

However since January, half the gas-fired plant has been forcibly shut down by Mexico’s authorities, which argues that personal power firms have plundered Mexico like Spanish conquistadors of outdated. The electrical energy shutdown compelled dozens of corporations in Monterrey to return to the inefficient and extra expensive state-run utility for his or her energy.



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