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Fonadin will contribute 45,000 million pesos for the purchase of 13 Iberdrola plants: SHCP

He National Infrastructure Fund (Fonadin), a public administration trust to finance infrastructure works, will contribute 45,000 million pesos for the purchase of 13 Iberdrola plants, the Secretary of Finance said on Wednesday, Rogelio Ramirez de la O.

President Andres Manuel Lopez Obrador He assured last week that the purchase of 13 Iberdrola plants is a profitable investment, he also assured that the money spent for this acquisition will return in a maximum of 10 years.

For their part, specialists commented that Fonadin barely has half of the resources involved in the operation, since it reported around 57,000 million pesos (about 3,134 million dollars) as of December 2022.

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