Mexico's Comisión Federal de Electricidad (CFE) is evaluating the issuance of a new Fibra E backed by its gas-fired combined-cycle plants, according to CFO Eugenio Amador Quijano in an interview with Bloomberg Línea on August 5. The objective is to recycle capital already invested in plants coming online in order to fund new electricity infrastructure.
The instrument fits into the broader strategy of Latin America's largest electricity company, with 70 gigawatts of installed capacity, to finance the expansion Mexico's grid demands. BNamericas also reported the evaluation of the new vehicle on August 5. CFE has committed $30 billion in generation and grid infrastructure during the current administration, to be funded through public budgets, public-private mixed investment, and the Fibra E for the transmission network. Electricity demand is growing alongside nearshoring and data center activity, even as the national grid faces saturation at several nodes.
CFE plans to launch the vehicle from 2027 onward, using generation assets with at least 12 months of operating history, and is still defining which plants to include. Between 2025 and 2026, six combined-cycle plants entered operation: Salamanca, San Luis Potosí, Josefa Ortiz Téllez Girón, Elvia Carrillo Puerto, Manzanillo, and González Ortega, with Tuxpan Phase 1 scheduled for this year. Unlike other platforms that anchor contracts of 18 to 36 months, CFE is seeking long-term coverage of 20 to 25 years with its newest plants. "We are in the analysis phase to see how much of those assets could eventually be issued to the market," said Amador Quijano. CFE's CEO Emilia Calleja indicated in May to Bloomberg Línea that her priority was improving the transmission network and converting more electricity assets into Fibra vehicles.
The new vehicle's issuance is planned from 2027, while the company works on the legal, financial, and administrative framework. Before that, its subsidiary CFECapital is considering relaunching the current Fibra E (trading since 2018) with a capital issuance of $1 billion between October and December 2026.
This article was drafted with artificial intelligence assistance from verified sources and reviewed by a human editor before publication.