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  4. Apr 2001

Petroleum Economist

Mexican President Vincente Fox is still trying to convince the Mexican coalition government that private investment should be welcomed into the country's electricity supply industry, saying that without it Mexico will suffer an energy crisis in a few years even though it has significant oil resources.
It seems that 15 per cent is the ideal stake in the Polish distribution industry: both Electricité de France (EdF) and Belgium’s Tractebel have given that figure as their acquisition target as utility companies start to bid for distribution rights in the country.
State-owned Gaz de France (GdF) will have over euros 2.5 billion ($2.25 billion) available for overseas acquisitions in the 2001-2003 investment period and more for investment within France, said company president Pierre Gadonneix, announcing results for 2000.