La Rosita
Sector: Commercial • Location: Baja California, Mexico
Source: World Bank Group
InterGen won the competitive bidding for the Comision Federal de Electricidad's build own operate 490 megawatt La Rosita project in June 2000 beating out one other bid, submitted by AES Corp. In 2001 this was upsized to a 1060 megawatt project. 66% of the offtake will be sold to Mexico's CFE under a 25 year power purchase agreement, with 20% sold through Shell's Coral subsidiary and the remainde
- Status
- Prospective
- Sector
- Commercial, Natural Gas, Power Generation (CCGT), Government
- Location
- Baja California, Mexico
- Updated
- 22 Jul 2026
- Source
- World Bank Group
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Project Information
Participants
Sponsoring Agency |
Status
Original status | Active |
Taiyo status | Prospective |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | InterGen won the competitive bidding for the Comision Federal de Electricidad's build own operate 490 megawatt La Rosita project in June 2000 beating out one other bid, submitted by AES Corp. In 2001 this was upsized to a 1060 megawatt project. 66% of the offtake will be sold to Mexico's CFE under a 25 year power purchase agreement, with 20% sold through Shell's Coral subsidiary and the remainder into southern California merchant markets. Fuel for La Rosita will be transported through a new, 126 mile cross-border natural gas pipeline running from Ehrenberg, Arizona to the plant site near Mexicali. In April of 2002 first-tier lead arrangers Citibank, BNP Paribas and Export Development Corps of Canada closed a $563 project financing facility to fund this project. The facility is made up of a covered and an uncovered tranche. The $425 covered tranche is insured for political risk by Export Development Corp and features a 15-year tenor. The $107 million uncovered tranche has an 11-year tenor. The plant began operations in 2003. In 2013, the sponsors entered in an agreement to refinance this first debt. The new debt comprised a US$ 400 million 5-year term loan, a US$ 10 million 7-year revolver and a US$ 37 million 5-year PCS letter of credit. |
Original sector | Energy |
Budget |
Location
Country | Mexico |
State | Baja California |
Source
Source reliability | High |
Source | World Bank Group |
URL |
More Details
Record type | Project |
Sector | Commercial, Natural Gas, Power Generation (CCGT), Government |
Article published date | 2023-02-20 |
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