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Electricidad Aguila de Tuxpan

Sector: Natural Gas • Location: Mexico

Source: World Bank Group

Project
Active

Electricidad Aguila de Tuxpan (Tuxpan II) was awarded an "independent power producer" permit to build, own and operate a 495 MW gas-fired combined cycle power plant in Tuxpan in Jul. 1999. EAT, which is a wholly-owned subsidiary of Mitsubishi (70%) and Kyushu Electric Power Co. (30%), will invest US$ 250 million in constructing the power plant. Construction works started in Feb. 2000 and were com

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The project “Electricidad Aguila de Tuxpan” is an infrastructure initiative in the Natural Gas sector, located in Mexico. Taiyo aggregates data on it from World Bank Group.

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Description

Description

Electricidad Aguila de Tuxpan (Tuxpan II) was awarded an "independent power producer" permit to build, own and operate a 495 MW gas-fired combined cycle power plant in Tuxpan in Jul. 1999. EAT, which is a wholly-owned subsidiary of Mitsubishi (70%) and Kyushu Electric Power Co. (30%), will invest US$ 250 million in constructing the power plant. Construction works started in Feb. 2000 and were completed in Nov. 2001. Mitsubishi closed on a $249 million financing package in 2001. The Japan Bank for International Cooperation provided a 15 year $87 million commercial bank loan from a syndicate of banks led by Fuji Bank, Dai-Ichi Kangyo Bank, and BNP Paribas.

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