Ramírez de la O said that according to the models applied by the dependency in 10 years they would be recovering the investment made.
He explained that Fonadin will contribute 45,000 million pesos (mdp) for the purchase of the Iberdrola plants, while there will be 66,500 million pesos in financing, which will be supported by the flows generated by the assets in the future. The sum of the amounts reaches 5,900 million dollars that the operation represents in its entirety.
The Secretary of the Treasury highlighted all the banks that have approached the authority to offer financing for the operation because it is “quite attractive.”
He added that in the event that debt was incurred, the government would have “a lot” of margin to fall below the indebtedness made in past administrations.
In early April, Mexico’s President Andrés Manuel López Obrador said the deal to buy 13 Iberdrola power plants would save the country money amid an energy dispute with the United States and Canada under a regional trade pact.
Most of the plants purchased by the Mexican government are combined cycle plants, which run on gas. Some of these also operated under the self-supply model, which has been reviled by the obradorista administration, for allegedly causing large losses to the state electricity company.
