The massive opportunities presented by nearshoring were all the rage at a packed energy conference in Monterrey, Nuevo León, on Wednesday.

Industry Exchange LLC’s 8th Mexico Infrastructure Projects Forum kicked off with government officials and executives expounding on the theme. Nuevo León Economy Secretary Iván Rivas said, “We will do everything to take advantage of U.S. companies relocating their companies from Asia to our state.” He highlighted the booming state’s geography, human capital, infrastructure, industrial parks and security.

Rivas said natural gas is the base of the nation’s electric power system. “But we have challenges in transmission and distribution,” with power output doubling in Nuevo León over the last 10 years to 34 TWh annually.

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