Mexico energy companies plan private auctions

Bloomberg

After Mexico’s National Energy Control Center cancelled a widely anticipated long-term power auction almost five months ago, the frustration among private companies was palpable. Now, they are taking matters into their own hands — with the help of an upstart energy company formed by some of the power auctions’ original architects.
Mexico City-based Bravos Energia is launching new, private energy auctions and will release details in a week. The first auction is expected to attract private companies that would have participated in Mexico’s canceled long-term power auction, said Bravos founder Jeff Pavlovic in a phone interview. The results are expected in December.