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México Generadora de Energía's first plant due online in 2Q13

Bnamericas Published: Monday, November 19, 2012
Operations of México Generadora de Energía's first 250MW natural gas-fired thermo are expected in the second quarter next year, according to an S&P report. Construction began in August 2011 followed by the start of work on a 250MW second plant this April and due online in 2Q14, adds the rating agency, which assigned a BBB rating to the company's proposed US$564mn senior secured bonds. The outlook is stable. The S&P report in Spanish is available here and in English at this link In a separate note, Moody's assigned a provisional Baa2 rating to the planned issue.

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