According to the company, the Libramiento facility is located adjacent to its Compresion Bajio project in northern Mexico and is contracted for 20 years with Pemex Gas y Petroquimica Basica, the gas and petrochemicals arm of Mexico’s state-owned petroleum company, Pemex.
The total value of the transaction was $89.2 million, and was funded by a combination of InterGen equity and limited-recourse debt.
Neil Smith, president and CEO of InterGen, said: “We are pleased to add the Libramiento natural gas compression and pipeline project to our Mexican energy portfolio. This is a good investment because it offers several synergies with our power generation facilities.”
InterGen is a power generation firm with 12 power plants representing an equity share of 6,231 MW of production capacity. Its plants are located in the UK, the Netherlands, Mexico, the Philippines and Australia. Additionally, InterGen’s 428 MW MaasStroom Energie project, located in the Netherlands, is currently under construction. InterGen is jointly owned by the Ontario Teachers’ Pension Plan and GMR Infrastructure.
