Enel Green Power Signs $100M Loan To Fund Mexican Investments

Posted by NAW Staff on June 24, 2013 No Comments
Categories : FYI

Enel Green Power (EGP), through its subsidiary Inelec, has concluded an agreement with Banco Bilbao Vizcaya Argentaria Bancomer for a $100 million loan aimed at partially covering its planned investments in the Mexican state of Oaxaca.

The five-year loan will be disbursed by year-end at an interest rate in line with the market benchmark and will be backed by a parent company guarantee released by EGP. Enel says it currently has around 197 MW of installed capacity in Mexico, 144 MW of which is wind power.

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