Devil in the detail for Mexico power sector reform

Electricity market excites investors, but challenges remain

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In the 1930s, Mexico became one of the first countries in the world to nationalise its energy sector, creating state-owned monopolies in petroleum and electricity that would play a dominant role in the Mexican economy for decades. But in the past year, the country has dramatically changed course, passing laws to deregulate its electricity market and expose its state-owned behemoths to private competition. In December 2013, the Mexican Congress approved constitutional changes allowing the denatio

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