Tierra Mojada CCGT Power Plant

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The project envisages the construction and operation of a 874 MW combined cycle gas turbine plant located in Zapotlanejo Municipality in the State of Jalisco, Guadalajara. The project will also include the construction of two overhead transmission lines that will connect the project’s substations to two existing transmission lines owned and operated by the Federal Electricity Commission. Ciclo Combinado Tierra Mojada S. de R.L. de CV is the project company which will undertake the project on behalf of the sponsor - Fisterra Energy, part of Blackstone Group. Spanish engineering company Tecnicas Reunidas has been selected as the EPC contractor for the Tierra Mojada project, and Leidos is acting as independent engineer. The output from the power plant will be sold under a 20-year power purchase agreement (PPA) with CFE supplier Comisión Federal de Electricidad Calificados. Financing for the project consist of a term loan and a letter of credit from six banks including: Société Générale, Calyon, Natixis, Sumitomo Mitsui, Mizuho, Intesa São Paulo. Financial closure occurred on 19 June 2017. Project is estimated to cost some $916 million and is being funded by $620 million debt and $296 million sponsor's equity. Commissioning is expected by the end of December 2019. https://ijglobal.com/data/transaction/38087/tierra-mojada-ccgt-power-plant-874mw Factiva