Mexico Scrapping Plans to Build as Many as 10 Nuclear Plants

Mexico, one of three Latin American nations that uses nuclear power, is abandoning plans to build as many as 10 new reactors and will focus on natural gas-fired electricity plants after boosting discoveries of the fuel.

The country, which found evidence of trillions of cubic feet of gas in the past year, is “changing all its decisions, amid the very abundant existence of natural-gas deposits,” Energy Minister Jordy Herrera said in a Nov. 1 interview. Mexico will seek private investment of about $10 billion during five years to expand its natural gas pipeline network, he said.