Transactions
Jul. 10, 2001
Milbank Tweed: MEXICAN POWER PLANT TAPS JAPANESE BANKS FOR MONEY
Japan's Mitsubishi Corp. and Kyushu Electric Power Co. Inc. have closed a $249 million financing for the 495-megawatt Tuxpan II Power Plant in Veracruz, Mexico.
Trading company Mitsubishi owns 70 percent of the $325 million plant, located 260 kilometers northeast of Mexico City. Kyushu owns the other 30 percent through its wholly-owned subsidiary Kyuden International Corp.
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