Bidding will be opened for "eight power plants with total investment of $4.637 billion" this year to improve Mexico's generating capacity, the Federal Electricity Commission, or CFE, said.

Mexico currently "has the electricity supply that the economy needs guaranteed," the CFE said in a statement.

Bids will be sought before the end of this year for new power plants with total generating capacity of 3.145 MW, the CFE said.

"The generating capacity of all these projects will be the equivalent jointly of the annual consumption in Baja California, Baja California Sur, Campeche, Sinaloa, Sonora, Quintana Roo and Yucatan states," the CFE said.

The planned investment is aimed at "continuing to diversify the generating sources, with an expansion of hydraulic, geothermal and wind (power) under study," CFE chief Francisco Rojas said.

Officials will be working in the next few months to deal with "the shortfall in electrification in the 400 most marginalized cities" in Mexico in a joint project with the Social Development Secretariat, the CFE said. EFE