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ECGD backs environmentally friendly Mexican power project - Caborn.
0 Comments | M2 Presswire, December, 2000
M2 PRESSWIRE-21 December 2000-UK Government: ECGD backs environmentally friendly Mexican power project - Caborn (C)1994-2000 M2 COMMUNICATIONS LTD RDATE:21122000 Richard Caborn, the Minister for Trade, today announced ECGD backing for a UK investment in a major power plant in Mexico which will increase the production of affordable electricity whilst having no adverse effect on air quality.
A syndicate of banks, led by ABN-AMRO Bank, is obtaining ECGD's insurance for a US$120 million loan to support investment in the construction and operation of the Termoelectrica Penoles Power project at Tamuin, San Luis Potosi State, through ECGD's Overseas Investment Insurance scheme. This loan, which has been fully underwritten by ABN-AMRO, Credit Agricole...
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