Tokyo-based Electric Power Subsidiary partners with AP Solar in 400 MW Texas Solar Project

LCG, August 6, 2020—J-Power USA Development Co, a subsidiary of the Electric Power Development Co. headquartered in Tokyo, has joined a joint venture to develop a 400 MW Texas solar project.

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Texas Solar Project Sold to CIP

LCG, July 31, 2020—An affiliate of Copenhagen Infrastructure Partners has completed purchase of a 350 MW solar photovoltaic project near the Houston metro area from Solar Plus Development Inc. and Avondale Solar.

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Industry News

Intergen, AEP Have Funding for 600 Megawatt Bajio Plant

LCG, July 12, 2000--A joint venture between Intergen and a unit of American Electric Power Co. Inc. said this morning that it had completed financial arrangement for a 600 megawatt natural gas-fired, combined-cycle power plant it is developing in the central Mexican state of Guanajuato.

The financing plan involves $435 million in credit facilities arranged under InterAmerican Development Bank and the U.S. Export Import Bank guarantees through IDB and a consortium of commercial banks including BNP Paribas, Deutsche Bank, Citibank and Dresdner Bank.

Construction of the Bajio power plant has already begun near the town of San Luis de Paz, about 160 miles from Mexico City, and commercial operation is scheduled to begin in November of next year. Under the build, own, operate agreement with Mexicos Comisin Federal de Electricidad, the government utility will purchase 495 megawatts of the plants output. The remaining 105 megawatts of power will be sold to third party industrial customers.

Intergen, a joint venture between Bechtel Corp. of San Francisco and Royal Dutch Shell, is no stranger to Mexico. "Bajio is the third electrical infrastructure development we have successfully closed and brought into construction in Mexico," said Carlos Riva, the companys chief executive. "Mexico is one of our top international markets and we plan on being an active participant in additional CFE bids over the next two years."

Don Clements, president of AEP Resources, said "We're pleased to be a part of this project with InterGen. We anticipate continued development work in Mexico and look forward to additional projects with our partner."

Bajio is the fifth of 10 power station projects the Mexican Government has put to bid since 1997.According to Mexico Energy Secretary Luis Tellez, electricity demand growth in Mexico is 7 percent per year, and Mexico needs to put in operation approximately 3000 MW per year to meet this demand.
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