Abraaj Group announces first Mexican investment

Abraaj Group announces first Mexican investment

Electricity Gas Energy Mexico Middle East Debt Funds Fixed Income Loans Project & Infrastructure Finance

Abraaj Group has announced an investment into an 111 MW natural gas-fired power plant in Mexico, according to a statement from the Dubai-based firm. The company will invest into the construction of the first phase of a planned 500 MW facility. This includes debt raised from local development banks Banobras and Nafin, complementing equity injections from Abraaj and Emerging America, a Mexican firm partnering with Abraaj for the project. Based in Chihuahua, the project is expected to begin operati

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