CFE Plans 740 Billion Peso Investment, 54% Funded by Private Capital

The Comisión Federal de Electricidad (CFE) Development Program 2026-2030, released on August 27, projects investments of 740 billion pesos (approximately $37.5 billion dollars) to expand and modernize the country's electrical infrastructure. According to El Financiero, 54% of the resources will be financed off the company's balance sheet, primarily through private capital.

The document replaces the state utility's previous Business Plan and, according to Bloomberg Línea, ensures that capacity additions will not strain CFE's balance sheet. The program targets adding 24 GW of capacity by 2030 and raising CFE's share of national electricity generation from 43% to 53%, according to Energía a Debate. The company aims to meet growing electricity demand and ease congestion in the national grid, which has experienced outages due to natural disasters, fuel shortages, and aging infrastructure. The plan also arrives in a context of fiscal deficit that is squeezing public spending, with the federal government seeking to attract private investment to drive growth.

Of that total, mixed-capital schemes account for approximately 13.8 GW, mostly renewables. Under this model, CFE will hold a minimum 54% stake and the private partner up to 46%, with investments of around $16.7 billion dollars (approximately 335 billion pesos). Under the Long-Term Producer scheme, the private party finances the plant, CFE purchases the energy, and the assets transfer to the state at contract end. Bloomberg Línea details 52 generation projects totaling 18.5 GW and 175 transmission line projects, plus four distribution programs. In transmission, investment will be approximately 132 billion pesos, adding 7,545 kilometers of lines, according to El Financiero.

The key variable to monitor is the execution of the mixed-capital schemes: CFE's off-balance-sheet debt is projected to rise from $807 million in 2026 to $5.5 billion in 2027, according to Bloomberg Línea. The allocation of the remaining 5.8 GW will determine the pace at which private capital enters the country's generation expansion.

This article was written with artificial intelligence assistance from verified sources and reviewed by a human editor before publication.