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EVM II thermoelectric plant

Sector: Natural Gas • Location: Mexico

Source: World Bank Group

Project
Active

The project entails the construction and operation of a 850 MW natural gas fired combined cycle thermoelectric plant in Jaltepec, Axapusco. SPV is EVM Tenedora, S.A.P.I. de C.V., a wholly owned subsidiary of EVM Energia. Total cost of the project is $ 740 million and is secured by Citibank, BNP Paribas, Sumitomo Mitsui Banking Corporation and Banco Nacional de Comercio Exterior, SNC who acted as b

Status
Prospective
Sector
Natural Gas, Power Generation (CCGT), Geothermal, Government
Location
Mexico
Updated
22 Jul 2026
Source
World Bank Group

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Project Information

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The project “EVM II thermoelectric plant” is an infrastructure initiative in the Natural Gas sector, located in Mexico. Taiyo aggregates data on it from World Bank Group.

Participants

Sponsoring Agency

Status

Original status

Active

Taiyo status

Prospective

Taiyo last update

2026-07-22

Contact

Not available for this record.

Description

Description

The project entails the construction and operation of a 850 MW natural gas fired combined cycle thermoelectric plant in Jaltepec, Axapusco. SPV is EVM Tenedora, S.A.P.I. de C.V., a wholly owned subsidiary of EVM Energia. Total cost of the project is $ 740 million and is secured by Citibank, BNP Paribas, Sumitomo Mitsui Banking Corporation and Banco Nacional de Comercio Exterior, SNC who acted as banking Syndicate on the financing. Milbank, Tweed, Hadley & McCloy LLP represented the lenders in the financing transaction. No information about PPA or type of concession is available. Financial close took place on October 2, 2018. https://www.latinfinance.com/daily-briefs/2018/10/4/evm-ii-finalizes-gas-fired-power-financing https://subscriber.bnamericas.com/project-profile/en/planta-termoelectrica-energia-del-valle-de-mexico-evm-ii-planta-termoelectrica-energia-del-valle-de-mexico-evm-ii?position=1&aut=true&idioma=en http://www.globallegalchronicle.com/evm-tenedora-completes-740-million-financing-of-850-mw-power-plant/

Original sector

Energy

Procurement method

Budget

Location

Country

Mexico

Source

Source

World Bank Group

URL

More Details

Record type

Project

Sector

Natural Gas, Power Generation (CCGT), Geothermal, Government

Article published date

2024-06-06

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