BEST POWER FINANCING, BEST SPONSOR

BEST POWER FINANCING, BEST SPONSOR

    When discussing the Norte III power plant near Ciudad Juárez in Mexico, one theme arises quicker than any other: complexity. Over the course of seven months, Macquarie Capital inked an engineering, procurement and construction contract with Techint, took control of a project that was only 30% complete and secured a new long-term power purchase agreement with the Mexican government, all the while absorbing Abengoa’s stake in the project and raising $760 million in financing. Mario Fernández, a managing director on Macquarie’s Latin America infrastructure team, admits the public and private collaboration at Norte III presented unique challenges. “We had the confidence that, based on what w

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