Energy Reform Not A Prerequisite For Investment: Union Fenosa.

MEXICO CITY, Jan 14, 2002

Reform of the electricity sector is not necessary for investment in Mexico," said Victoriano Reinoso, president of Spanish electric company Union Fenosa. "After the energy crises in California and Brazil, it's not clear what is the optimal regulation model for the electricity sector," he said. "There are countries like Mexico that have facilitated the entry of private investment without privatizations," he said. In a meeting with the Spanish news media, the company head said, "There is a group of trustable countries, and another group in which confidence has deteriorated because of their governments' actions," referring to Argentina, reported Mexico City daily Reforma. "Mexico learned from the 1994 crisis and made important structural changes," he said.

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