Spain’s Abengoa is planning to open the sale of its 220MW A3T cogeneration facility in Tabasco to the market should Atlantica Yield refuse its right of first offer (ROFO). Abengoa is lining up a convertible bond issue backed by the project to increase its liquidity.
Japanese company Modec has won the floating production and storage (FPSO) supply, charter and operate contract on Eni’s Offshore Area 1 field 10km off the coast. Lead arrangers on the deal have yet to be appointed but this should be done soon. The Japanese banks are expected to be involved. King & Spalding is advising Modec and lenders counsel should be appointed soon.
State-owned group Telecomunicaciones de México (Telecomm) has postponed the completion of a tender for the Red Troncal, or backbone network, public-private partnership until 2019.
Canada Pension Plan Investment Board (CPPIB) and Ontario Teachers’ Pension Plan (Ontario Teachers’) have entered into an agreement with Impulsora del Desarrollo y el Empleo en América Latina (IDEAL) to invest in the 309km Pacifico Sur toll road that links Guadalajara to Tepic.
Sempra Energy’s Mexican unit IEnova has entered into a joint venture agreement with Trafigura to develop a marine storage terminal for refined products in Manzanillo.