Lessons from Egypt, UAE & Uzbekistan for Mexico’s new framework
While industry forums still debate Mexico’s power sector, the Official Gazette has settled it. Between March 2025 and January 2026, Mexico completed its deepest power-sector overhaul in decades. The finding is technical, not political: Mexico now has regulatory certainty, and those who master the rules first gain a decisive advantage.
A complete framework
Four instruments now define private participation: the Electricity Sector Law (March 2025), with State prevalence of 54% of generation; its Regulations (October 2025), with binding planning; the Development Plan 2025–2039, PLADESE (October 2025); and CFE’s Guidelines for Mixed Development Schemes (January 2026).
The result: centralized planning with competitive private execution.
What is at stake
In May 2026, SENER presented instruments to unlock nearly MXN 740 billion, add 32 GW and raise renewables from 24% to 38% by 2030. Under mixed schemes, CFE keeps at least 54% and private partners up to 46%, with long-term contracts as the bankability backbone. SENER’s calls require renewable plants to include storage of at least 30% of capacity for three hours, national-content expectations are rising, and the USMCA review under way since July 2026 makes diversified sourcing essential.
Three cases that illuminate Mexico’s moment
Markets that attract sustained investment set clear rules and keep them.
Egypt. Synergy was Lead Financial Advisor to EETC on 200 MW Kom Ombo solar project, the first under Egypt’s PPP Law. With a single state buyer, as in Mexico, it achieved one of the region’s lowest tariffs & was IJGlobal Deal of the Year 2023.
UAE. At Dubai’s Mohammed bin Rashid Al Maktoum Solar Park, Synergy advised on the 200 MW Phase II, awarded at a then world-record tariff. A solid state offtaker plus transparent competition delivered predictability, capital followed.
Uzbekistan. With virtually no energy PPPs in 2017, the country built a program where the State tenders priority projects to private players. As a recurring advisor to the Government, Synergy helped deliver large-scale solar, storage & grid upgrades in < a decade.
Challenges ahead
Transmission capacity, the stress test facing the new National Energy Commission & contractual landing of the 54/46 model decide bankability. The first closings will be the real test.
Why a financial advisor
The new model rewards integrated consortia: manufacturer, integrator, developer, anchor user & a financial advisor sustaining bankability before lenders.
Synergy Consulting, active in over 60 countries, brings that experience from Kom Ombo, Dubai & Tashkent to Mexico.
The window between regulatory certainty and the first closings is short. The rules are in place; the question is who moves first.
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