Spanish utility Iberdrola plans to invest at least $5 billion (3.7 billion euros) in Mexico over the six years through 2018, Chairman Ignacio Sanchez Galan said on Monday, as the country opens its traditionally sealed energy market to private investment.
"A few days ago we signed a commitment to invest at least $5 billion in this six-year presidential term, $1.5 billion of which is already under construction," Galan said during an event in Madrid.
Mexico's President Enrique Pena Nieto is making his first official state visit to Spain since he took office in 2012.
Iberdrola, the . . .
