InterGen to Sell Mexico Assets
InterGen has recently announced plans to advance the sale of its business interests in Mexico. It is expected that a formal sales process will be launched shortly.
The company has more than 2,200 megawatts in operation with six combined cycle gas turbine plants throughout the country.
InterGen's portfolio includes a new 220 MW combined cycle plant, San Luis de la Paz, and a 155 MW wind farm with partner IEnova, Energia Sierra Juarez, which reached commercial operations in 2015. InterGen also owns and operates three compression stations and one 65-km gas pipeline in Mexico.
For more than 20 years, InterGen has been one of the main investors and operators in Mexico helping to meet the growing energy needs in the country.
Bank of America Merrill Lynch and Barclays have been retained as joint financial advisors to oversee the process.
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