Fisterra borrows for Mexican power station

Fisterra borrows for Mexican power station

Mexico Loans Funds Project & Infrastructure Finance

Fisterra Energy, a division of US private equity firm Blackstone, said it has reached financial close on a new power plant in Mexico.Six banks – Societe Generale, Calyon, Natixis, SMBC, Mizuho and Intesa Sanpaolo – provided roughly $600m in construction facilities and letters of credit, Blackstone said in a statement.Fisterra will use the funds to build the 875MW Tierra Mojada combined-cycle power plant in Guadalajara. Construction is scheduled to finish in December 2019. The powe

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