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Check FAQAbout Feike
Feike de Jong is a journalist based in Mexico City, México. He has written in international media such as the Atlantic CityLab, The Guardian and Fortune International, as well as having been an investigative reporter for Mexican business magazine Expansion. He won the Walter Reuter Prize in 2010 for an article on the impact of climate change in Mexico. He has blogged on urbanism for Forbes Mexico and was given a grant by the Mexican Secretariat of Culture to write an e-book/app on the edge of the greater Mexico City Area in 2015. This app is finished and will apear in the ITunes Store in March 2017. He has worked as a freelance researcher and editor for clients such as PwC Mexico, UC Davis and corporate accountability NGO Poder. He has also organized musical festival and events in Mexico City, as well as tours to the periphery of the megalopolis in collaboration with Mexico City's Rufino Tamayo Museum.
Portfolio
The Citadel, a Kaleidoscope to Observe Death
The article explores the cultural significance of death imagery in Mexico, particularly at the Mercado de Artesanías de la Ciudadela in Mexico City. It highlights how artisans from across Mexico bring their crafts to this market, where a significant portion of goods are related to death, reflecting a deep-rooted cultural tradition. The text discusses the historical and cultural context of these images, including their pre-Hispanic origins and modern interpretations, such as Catrinas and skulls. The market attracts both locals and tourists, with a notable interest from foreigners in these cultural artifacts. The article underscores the artisans' lighthearted approach to a theme often considered morbid in other cultures.
US$1bn Mexico combined cycle plant to go to popular consultation
Mexico's President Andrés Manuel López Obrador announced that the future of a 22bn peso (US$1.15bn), 647MW combined cycle plant in Morelos will be decided by popular consultation on February 23 and 24. The plant, owned by state utility CFE, has been inoperative due to protests over an aqueduct needed for steam generation. Affected municipalities will receive the lowest electricity rates as compensation and an incentive to vote in favor.
Pemex aid package seen as too little, too late
Mexican business associations and analysts are underwhelmed by the government's fiscal aid package for Pemex, despite a 25% increase in the company's exploration and production investment budget. Critics, including business chambers, banks, and ratings agencies, argue that the aid is insufficient to address Pemex's challenges, such as declining production and significant debt. José Manuel López of CONACO suggests that more investment and private involvement are needed. Ratings agency Fitch and research firm Capital Economics also express doubts about the effectiveness of the aid package.
Mexico's CFE to offer special power rates to water utilities
Mexico is addressing the impact of the 2018 electricity rates policy, which led to higher prices, by proposing special power rates for water utilities. A meeting between CFE head Manuel Bartlett and the senate's energy and waterworks committees resulted in a request to the energy regulator CRE to reactivate these rates. The 2018 policy, criticized for causing unexpected rate hikes, has led to CFE cutting off electricity to several municipal water utilities due to unpaid bills.
Mexican president meets O&G operators
Mexican President Andrés Manuel López Obrador met with Amexhi, the country's key oil and gas operators' association, to encourage increased private sector production. The meeting included discussions on the ratification of a minimum production goal of 280,000 barrels per day by 2024. Alberto de la Fuente, CEO of Shell México and head of Amexhi, stated that the private sector would intensify investment efforts, particularly in executing contracts from licensing rounds, which will remain suspended as per the president's statement.
Mexico adds 1.1GW of solar in eight months
Mexico added 1,089MW of solar power generation capacity between June last year and February this year, reaching a total of 3,305MW. The largest plants are Enel's 363MW Villanueva Solar in Coahuila and Acciona/Tuto Energy's 317MW Puerto Libertad in Sonora. Major upcoming projects include Enel's 500MW Magdalena solar park in Tlaxcala and 400MW Parque Solar Palma Loca in Zacatecas. Sener projects an additional 3,518MW of solar capacity by mid-2020 from long-term energy auctions.
Mexico regulator approves new permitting times
Mexico's upstream regulator CNH has approved changes to the approval times for various plans, programs, and modifications submitted to the commission. The approval time for plans has been reduced from 120 business days to 85 days, while the time to permit modification of plans has been cut to 35 business days. Approval times for programs and pilot plans have been shortened from three months to 40 business days, and modification of evaluation programs has been reduced to 35 business days. Yearly work and budget programs will now be approved within 20 business days, with modifications approved within 15 business days instead of three months.
Mexico's natural gas controller launches annual consultation
Mexico's natural gas controller Cenagas has initiated its annual public consultation process, which will continue until April 12, with results expected on May 6. This process aims to gather opinions from potential natural gas users through seven public consultations in collaboration with the energy ministry (Sener), local governments, and national and state business chambers. The outcomes will inform the national development plan for energy and the 2019-2024 infrastructure development plan.
AMLO opens door for Pemex IPO
President Andrés Manuel López Obrador (AMLO) does not rule out a Pemex IPO on the Mexican stock exchange but notes that Pemex may not need additional financing due to its adequate budget. Morgan Stanley has recommended Pemex bonds to clients, anticipating further government assistance. Finance minister Carlos Urzúa mentioned an additional aid package is being prepared. Former CNH head Juan Carlos Zepeda previously suggested that Pemex would need significant annual investment for exploration, production, and debt service to meet future targets.
AMLO appoints energy watchdog commissioners
President Andrés Manuel López Obrador appointed four commissioners to Mexico's energy regulator CRE after his nominations failed to gain senate approval. The appointees are Luis Linares Zapata, Norma Leticia Campos, José Alberto Celestino, and Guadalupe Escalante. The appointments were made under a legal provision allowing the president to act if the senate fails to approve nominations twice.
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