July 19, 2016
Volatile commodity prices and inconsistent weather conditions made operations tough for AES Mexico Central America and Caribbean (AES MCAC).
The company’s ambitious financing plans in 2015 came after a series of unexpected hurdles, including little rainfall the previous year and restrictions on a saturated transmission line.
“It was like having a fire on one side of the house, but there was no bucket big enough to carry water from one side of the house to the other,” says Nicolas van Tienhoven, regional director of treasury and finance for AES MCAC.
“Oil prices didn’t help either, so it was the perfect storm of everything we didn’t want happening at once.”
The company overcame the obs
Sound relationships with regional and international lenders paved the way for a series of successful transactions