Business · Companies · 13 hrs ago
Cox prepares a new strategy focused on Latin America
Spanish energy and water group Cox says it has exceeded its current strategy’s expectations for a plan running to 2028.
Its chairman, Enrique Riquelme, said the company expects to unveil a new strategy this year.
Latin America will be the main focus, where the region already accounts for 95% of Cox’s business.
The company plans to invest more in water, energy and infrastructure projects across the region.
Recent commitments include investments in El Salvador and Mexico, while Cox is also pursuing projects in Colombia, Brazil and Chile.
Two power-transmission projects in Brazil and Chile are expected to bring about €446 million in regulated revenue and require a combined investment of €109 million.
Cox says regulatory stability and legal protection are important for deciding whether to proceed with projects.
The new strategy is expected later this year, but no further details are given.
Cox is preparing a new strategic plan focused on Latin America after exceeding targets in its current plan through 2028.
The Spanish energy group expects the new plan to be unveiled later this year.
Latin America accounts for 95% of Cox’s business, following major investments in markets including El Salvador and Mexico.
Cox’s current plan includes more than €5.5 billion in investment over two years in water and energy.
The company also announced two electricity transmission projects in Brazil and Chile, with an estimated combined investment of €109 million.
- Who
- Cox, the Spanish energy group led by Enrique Riquelme.
- What
- It is preparing a new strategic plan focused on Latin America after exceeding its current plan’s expectations.
- When
- The plan is expected to be unveiled later in 2026. Riquelme discussed it on Wednesday.
- Where
- The plan will focus on Latin America, where the company says 95% of its business is concentrated.
- Why
- Cox says it has advanced faster than expected under its current plan and wants to invest more and develop more projects.
This story does not have two clearly opposing sides.
Cox presented its current strategic plan, which runs through 2028.
Cox acquired assets controlled by Iberdrola in Mexico for $4 billion.
Riquelme said Cox was preparing a new plan after exceeding the current plan’s expectations.
Cox announced two electricity transmission projects in Brazil and Chile.
- Current plan investment
- More than €5.5 billion over the next two years
- Latin America share of business
- 95%
- El Salvador investment plan
- $2.9 billion (€2.588 billion)
- Mexico asset acquisition
- $4 billion (€3.5 billion)
- Brazil and Chile projects
- €109 million estimated combined investment
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What people are saying
We have advanced in one year more than we had planned for the entire strategic horizon to 2028
We want to invest more, develop more projects and expand our contribution to the infrastructure Ibero-America needs
stability in regulation
legal protection