Grupo México and BlackRock (through its infrastructure arm Global Infrastructure Partners) have agreed to merge their electricity generation assets in Mexico to create a major new private energy platform.
The deal combines Grupo México’s infrastructure division with Saavi Energía, forming a company that will operate 14 power plants located in high-demand regions across the country. Together, these assets will have a combined capacity of about 4,510 megawatts, with an additional project pipeline of roughly 5,000 megawatts, signaling strong future growth.
Under the agreement, Grupo México will hold a 70% stake, while BlackRock’s GIP will own the remaining 30%. The transaction is still subject to regulatory approvals and is expected to close in the third quarter of 2026.
The companies say the merger will create a more diversified, efficient, and resilient energy platform, helping meet Mexico’s rising electricity demand. It also strengthens Grupo México’s broader strategy to diversify beyond mining into infrastructure and energy. Additionally, the partnership opens the door to long-term collaboration on future infrastructure projects in Mexico and potentially abroad.
Overall, the deal positions the new entity as one of the largest private electricity generators in Mexico, reflecting growing private-sector investment in the country’s energy sector.
