EconomyFinancialWalmart refuses to participate in Parliament on Electricity reform

Walmart refuses to participate in Parliament on Electricity reform

The Walmart company rejected the invitation made by the Political Coordination Board (Jucopo) of the Chamber of Deputies to participate in the Open Parliament where the electricity reform initiative proposed by President Andrés Manuel López Obrador is discussed.

“I inform you that unfortunately it will be impossible for us to accept your kind invitation”, can be read in a letter signed by Alberto Sepúlveda, vice president of legal and institutional affairs of Walmart, addressed to Rubén Moreira, president of Jucopo.

The Open Parliament was planned to take place from January 17 to February 15 this year. However, the Chamber of Deputies decided to extend its duration until February 28, with the main objective of listening to private companies.

The legislators reported that they extended invitations to Grupo Lala, Grupo Bimbo, Bachoco, Walmart, Alsea, Femsa, Kimberly Clark, Farmacias del Ahorro, Citi Bank, Santander, HSBC, and BBVA, among others. However, to date no representative of these companies has participated.

Walmart did not give a specific reason why it rejected said invitation, however it wrote some paragraphs where it stated that the electricity sector is key to the country’s development and that it is necessary to have a framework that promotes investment by public and private actors. private.

“Joint efforts in energy matters allow us to make our operational, logistics and distribution processes more efficient, and this is how we manage to offer better prices, provide access to services, develop local suppliers and generate close to 200 thousand direct and formal jobs in Mexico”, can be read in the document.

The reform to the Law of the Electricity Industry includes all the changes promoted by the head of the Executive since the beginning of the six-year term through agreements, regulatory changes and the issuance of some programs, but which failed to be implemented due to a wave of injunctions initiated from the private sector and civil organizations.

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