Mexico Announces $4.9b in Electricity Projects

Mexico's state-run electricity company will announce on Monday tenders for nearly $4.9 billion in projects in a first round of auctions under a sweeping opening of the government-run energy sector, daily El Financiero reported.

The Federal Electricity Commission will announce 16 projects, including four pipelines and three electricity plants, worth $4.899 billion, according to a document obtained by El Financiero.

Last week, President Enrique Pena Nieto signed a package of laws needed to implement last year's energy reform that aims to lure billions of dollars in private investment to the country's ailing oil, gas and electricity sectors.

(Reporting by Veronica Gomez; Editing by Chizu Nomiyama)