MEXICO CITY—The Mexican government moved to seize more control of the country’s electricity market, affecting dozens of renewable-energy projects worth more than $6 billion at the same time the country faces a sharp recession because of the coronavirus pandemic. Energy companies and local industry groups said new rules for operation of the power grid, published late Friday, favor Mexico’s state-owned electricity utility over private developers and dial back the opening of the power market to foreign investors.

Source: Wall Street Journal May 17, 2020 22:01 UTC