BMI View: We have largely maintained our forecasts for Mexico’s power sector this quarter, and continue to hold the view that numerous industry-specific and macroeconomic fundamentals will converge to drive long-term growth in the power sector ? particularly the country’s efforts to access greater volumes of cheap US gas. To this end, ambitious plans to ramp up gas-fired generation capacity could help Mexico benefit from cheaper electricity prices and position the country as a manufacturing hub over a longer timeframe. That said, we have grown more cautious with regards to the country’s near-term economic trajectory, and also reiterate that the …
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