Iberdrola Sells Mexican Gas-Fired Plants For $6 Billion ...Middle East

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Iberdrola Sells Mexican Gas-Fired Plants For $6 Billion
source : OILPRICE ( Middle East ) () 41
Spanish utility giant Iberdrola has signed an agreement with Mexico to sell its combined cycle gas plants in the country for $6 billion in a deal previously described by Mexican President Andres Manuel Lopez Obrador as “a new nationalization of our electric industry.” Iberdrola, which is increasingly focused on wind and solar power generation in Europe and the Americas, is selling 55% of its Mexican business to Mexico Infrastructure Partners (MIP). The sale includes 99% of Iberdrola’s combined cycle gas plants and 87% of Iberdrola…

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