Infraestructura Energetica Nova SAB, Mexico’s first publicly traded pipeline operator, is reaping the benefits of longevity as it wins the country’s most vital pipeline auctions amid the country’s energy industry opening.
Ienova, the best performer on Mexico’s benchmark IPC index this year, returned 56 percent in 2014 and 140 percent since the company first sold shares last year. Ienova, Mexico’s sole shareholder-owned energy company, started operating the country’s largest pipeline project Dec.2 and won approval Nov. 24 from the state-run Comision Federal de Electricidad to develop the 205-kilometer (127-mile) Ojinaga-El Encino pipeline near U.S.-Mexico border.
