Mexico's Comisión Federal de Electricidad (CFE) has amended its general provisions (GP) for procurements, leases and contractors of services and works for the CFE and its productive subsidiaries.
The main amendments, released on Nov. 29, 2019, to the GPs are below.
Contractors to CFE will need to revisit their contracts to assess their obligations under the new landscape of energy regulation. Also, companies in pursue of obtaining a contract with CFE will need to evaluate the risks of entering such legal framework. In both cases, financial institutions or partners to contractors that have a stake in contracts should reassess their business relations with contractors.
Holland & Knight's energy law attorneys have extensive experience on advising government contractors in a variety of projects in the electricity sector. For more information, contact Holland & Knight's Mexico City office.
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