Operis has provided financial model due diligence advice to InterGen Global Ventures B.V., who are hoping to acquire two combined-cycle power plants in Mexico, from Transalta B.V. This acquisition is subject to regulatory approval.
The plants, one located in Chihuahua in the north of Mexico, and the other in Campeche, southern Mexico, have a total output of 511 MW and began commercial operation in 2003. Electrical output is sold under a 25-year PPA contract to Mexico’s government-owned utility CFE.
Operis was engaged to conduct financial model due diligence services, providing comfort to Calyon Credit Agricol CIB, who are arranging funding for this US$300 million purchase.
