Mexico Energy Monitor

April 19, 2023

Apr 19, 2023

∙ Paid

AMLO: Iberdrola/CFE deal key to maintaining low rates

· Mexican Finance Minister Rogelio de la O. provided new details on the deal mechanics behind Iberdrola’s sale of 13 power plants to the federal government Wednesday, valuing the deal at US$5.943 billion. The minister said that Fonadin will pay for 51% of US$2.5 billion or just over US$1.25bn to acquire 51% of the units. This amount, he said, “represents 51% of the venture capital” to finance the purchase. Institutional Investors will apparently provide the other 49% of the equity capital.

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