Macquarie power project faces uncertain future

Macquarie power project faces uncertain future

Project & Infrastructure Finance Loans Debt Energy Electricity Gas Mexico Australia

Macquarie Capital's plans to develop a combined cycle gas turbine (CCGT) plant in Mexico are up in the air as the Australian investor has not secured an adequate supply of natural gas, LatinFinance has heard. Two financing sources said the project may have been cancelled, but a source at Macquarie said the project is still under development, although he declined to provide more details. Macquarie has not struck a deal with the state-owned utility company CFE to get enough natural gas to run th

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