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México Population (millions) - July 1998 98.55 Overall Electrification (% of population) 95% GDP (billion US$) - 1997 est. $694.3 Real GDP Growth Rate - 1997 est. 7.3% Inflation Rate (CPI) - 1997 15.7% Total Installed Capacity (MWe) - 1995 41071 Electricity Consumption per Capita (kWh) - 1997 1247 Energy Demand Growth Rate 6.0% capacity. According to México’s Energy Minister Tellez, the country will require 6 GW more capacity over the next sixyears. Méxicoisamajornon-OPECoilproducerand hastheworld’ssixthlargestoilcompany(Pemex). Ofthe country’s current installed capacity, hydrocarbons account for 54%, hydropower 28.8%, coal 6%, geothermal 2.4%, andnuclearpower2.1%. Underthecountry’sindustrial energy policy, a significant percentage of México’s thermoelectric plants are slated for conversion to natural gas by 2005. The Comisión Federal de Electricidad (CFE) owns most of México’s installed electric generating capacity, however, this is beginning to change as CFE lacks the funds needed to meet México’s soaring electric power demand. In August 1998, México’s energy secretariat published a seven-yearplanforitsenergysector. Itmustmeeta projected increase in electricity demand of 3.9% to 6% a yearuntil2006. Thiswillrequiremorethan12-13GWof additional generating capacity representing $25 billion in investment. Privateinvestorsareexpectedtoprovidethe extra capacity to meet the increase in demand by funding 51% of the $25 billion investment. Low oil prices have also led to increasing privatization of México’s power sector; oil revenues account for about 40%ofgovernmentincome. ThepriceofMexicancrude oil dropped to a record low of US$6.95 a barrel in Prices (US¢/kWh) - June 1998 Residential Commercial Industrial 4.87 11.06 4.20 Estimated Geothermal Potential (MWe) 6,510 Power Summary Mexican power output reportedly increased 6.5% in 1997. In 1996, México generated 154,000 gigawatt-hours of electricity from 36 gigawatts (GW) of electric generating Geothermal Resources in Latin America & the Caribbean 52PDF Image | Geothermal Resources in the Caribbean and Latin America
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