South Zone – Issue 47

++abengoage++ Abengoa and GE will invest US$180 million in energy plant in Mexico

Reuters, Madrid.- Abengoa and General Electric (GE) will invest US$180 million to build a power generation plant in Mexico, which will require a global investment of US$640 million, the Spaniard company informed in a press release.

From these US$180 million, Abengoa will invest US$108 million and GE will invest US$72 million, while the remaining US$460 million will be funded with a syndicated loan granted by Banobras, Santander, Scotiabank, La Caixa, Banco Espirito Santo, Credit Agricole, Export Development Canada and HSBC, among others.
This 300 megawatts plant, to be located in Villahermosa, Tabasco, is expected to start operating in 2012.