Mexican Senate Considers Pemex Cogeneration Bill

Mexico's full senate began the first of two readings Thursday following months of delays for a bill that would allow state oil company Pemex to generate electric power, senate spokesperson Miriam Chavez told BNamericas.

The second reading is expected Tuesday (Dec.9), meaning a vote will take place this month, she said. If senate approves the legislation, it will move on to the lower house and then the executive.

Pemex's refining unit alone could generate 5,400MW in cogeneration projects, Pemex Refinacion head Juan Bueno Torio said earlier this year. Energy commission president and member of Mexico's PAN ruling party, Juan Jose Rodriguez Prats, opposes the bill, but sources expect senate to approve it as lawmakers from opposition parties PRI, PRD and PVEM are largely in favor. The law would allow Pemex to finance plant development with its federal budget or through debt instruments, proponents say.

One project the legislation allows is development of a US$1bn, 600MW cogeneration plant fired by material left over from refining the 500,000 barrels a day of extra-heavy crude from the Ku-Maloob-Zaap field, newspaper La Reforma reported. Mexico's full senate began the first of two readings Thursday following months of delays for a bill that would allow state oil company Pemex to generate electric power
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