Macquarie looks for power plant loan in Mexico

Macquarie looks for power plant loan in Mexico

Loans Project & Infrastructure Finance Energy Electricity Mexico

Macquarie Capital is looking for $380m in debt to fund construction of a new power plant in Mexico, LatinFinance has heard. The Australian investor is collecting proposals from lenders and wants to get at least a mini-perm loan, said two sources close to the deal. Macquarie has contracted just 300 MW of the 560 MW combined cycle gas turbine (CCGT) plant in Tamazunchale, San Luis Potosí, and some lenders are reluctant to take on so much merchant risk, the sources said. Macquarie is still looki

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