MEXICO CITY (apro).– Iberdrola México and Mexico Infrastructure Partners (MIP) are specifying steps for the transfer of assets based on the terms of the binding agreement, as announced in April, as reported by the Spanish electricity company on Monday to the National Stock Market Commission (CNMV).
The signing between its subsidiary in Mexico and MIP allows the trust led and managed by MIP to acquire 55% of Iberdrola’s gross operating profit (EBDI) in Mexico, including associated contracts and more than 410 related jobs.
The electric company will receive about 6 billion dollars, as announced in April, in the meeting of the executives with President Andrés Manuel López Obrador, details the company’s statement.
Likewise, it maintains that the electric company will keep 13 plants, all its activity with private clients and its portfolio of renewable projects to continue increasing its wind and solar assets in the country in the coming years.
Within the agreement, 99% corresponds to gas combined cycles and 87% to plants that operate the Independent Energy Producer regime, contracted with the Federal Electricity Commission (CFE).
The operation is closed in accordance with all the agreed terms and the schedule established between both parties.
That is, they will be the gas combined cycles that operate under the regime of Independent Power Producers contracted with the CFE: Monterrey I and II (449 MW); Altamira III and IV (1,096 MW); Altamira V (1,150 MW); Escobedo (878 MW).
In addition, La Laguna (537 MW); Tamazunchale I (1,179 MW); Baja California (324 MW); Topolobampo II 917 MW) and Topolobampo III (766 MW).
Likewise, the wind assets that pass to MIP are La Venta III (103 MW), which represent 87% of the total installed capacity to be divested by Iberdrola, and the private gas combined cycle plants of Monterrey III and IV (477 MW). ; Tamazunchale II (514 MW) and Enertek (144MW).
The more than 400 jobs at these facilities will also become part of the trust led and managed by MIP.
The agreed value of the sale amounts to approximately 6 billion dollars. The operation has the financial support of the National Infrastructure Fund of Mexico (Fonadin) and other financial entities linked to the Mexican government.
Last April, the President of Mexico, Andrés Manuel López Obrador, and the President of Iberdrola, Ignacio Galán, announced the start of a new phase after signing the agreement of intent signed by the company’s Mexican subsidiary and MIP, which was closed yesterday.
In the extraordinary session of the Mexican Energy Regulatory Commission (CRE) and as the only point of the day, the regulatory authority authorized the generation permit to Iberdrola for the Santiago wind power plant.
This renewable park, located in Guanajuato, will have a capacity of 105 MW. The vote for this permit was voted unanimously in the CRE.
