CFE gets French funding for green projects

CFE gets French funding for green projects

Debt Funds Loans France Mexico Capital Markets Energy

Mexico's state-owned electric utility company CFE said Friday that it signed €200 million ($232 million) in 25-year financing from French development agency AFD to fund clean energy projects. The projects include renovations to hydroelectric power plants that have been in operation for at least 30 years, CFE said in a press release. The investments will extend the life of the plants and increase capacity to 1,860 GWh, it added. CFE said in August that it would use a $200 million loan from South

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