Representative Matters

Energy, Oil & Gas and Electricity Work

Power Generation / Transmission Lines

  • IENova as borrower, in the US$100m extension of the multilateral green loan financing for the development of four solar projects in Mexico, granted by the Japan International Cooperation Agency (JICA).This is the first private sector investment by JICA in Mexico since 2012, and is one of the first financings obtained in Mexico under the COVID-19 outbreak 
  • IENova, as borrower, in the US$200m multilateral green loan financing by IFC/Nadbank for the development of 4 (four) solar projects in Mexico
  • Citigroup, Sumitomo Mitsui Banking Corporation, BNP Paribas, JPMorgan Chase, and The Bank of Nova Scotia, acting as Joint Lead Arrangers and Joint Bookrunners, in a simultaneous syndicated credit facility and a Rule 144A / Reg. S bond offering to allow private equity fund Actis to successfully complete its acquisition of global power-generation company InterGen’s business interests in Mexico, including the purchase of 2,200 MWs in operation with six combined-cycle power generation projects, a 155 MW wind project with partner IEnova, a 65-kilometer natural-gas pipeline, and 3 natural gas-compression stations, for an enterprise value of US$1.256b. This is the first time that a project acquisition in Mexico of this size is executed with the use of bond proceeds. This transaction was named Best Infrastructure Financing in Mexico by Latin Finance in the Project & Infrastructure Finance Awards 2018, Latin American M&A deal of the Year 2018 by IJ Global (Euromoney) and Mexico Structured Bond Deal of the Year by GFC Media Group in the Bonds & Loans Awards 2019
  • Macquarie Capital and Techint, as sponsors, in the highly complex US$1.2b acquisition, development and project financing of the landmark 907MW Norte III power plant in Mexico, which will generate power for the Federal Electricity Commission pursuant to a 25-year PPA. This transaction was named LATAM Power Deal of the Year by Project Finance International (Thompson Reuters); Latin American Power & Overall Deal of the Year by IJ Global (Euromoney), Project Finance Deal of the Year by Latin Lawyer and Best Power Financing Deal by Latin Finance in the Project & Infrastructure Finance Awards 2018 
  • Macquarie Capital in the multimillion-dollar sale to an SPV of InfraRed Capital Partners and Invex Infraestructura, of a 45.5% stake in Norte III Power, S.A.P.I., which owns the 907 MW Norte III power plant in Mexico for the generation of electricity for the Federal Electricity Commission pursuant to a 25-year PPA
  • IEnova, in the US$852m acquisition of the largest wind farm projects in Mexico, Ventika I and Ventika II, from Fisterra Energy, a Blackstone company (NYSE: BX). This transaction was named Private Equity Deal of the Year by Latin Finance for the 2017 Latin Finance Deals of the Year Awards 
  • Natixis and Credit Agricole (CA-CIB) as Mandated Lead Arrangers and Issuing Banks in the negotiation of a syndicated credit facility and Mexican security package for US$100m, granted to Energía Renovable de la Península (a subsidiary of Grupo Cobra), for the development and financing of a 92.4MW wind farm project located in the Yucatan Peninsula, which holds several PPAs awarded as a result of first long-term auctions from renewable energy sources of the CENACE
  • Dhamma Energy in the sale of its 37.4MW ready-to build solar power project to Balam Fund
  • Avanzia, as contractor, in the US$121m EPC for the design, procurement, construction and start-up of a 90MW wind farm for Energía Renovable de la Península, S.A.P.I. de C.V. to be located in Progreso, Yucatán
  • Avanzia, as buyer, in the US$91m Turbine Supply Agreement with Envision Energy
  • Mexico Power Group (Anglo-American private equity group) in the renewables joint venture with First Reserve for the US$215m financing to build the 130MW “La Bufa” wind farm in Zacatecas, Mexico
  • Dhamma Energy Management in the sale of two of its Mexican subsidiaries, Tampico Solar and Proteus Solar to SunPower Corporation Mexico
  • Telefónica, as offtaker, in a Power Supply Agreement entered with BAS Project Corporation, El Rollo Solar, and Juarez Renovables
  • Metrópolis Energía Zapoteca in the US$9m acquisition of the 76% of the stock of a company authorized to develop, construct and operate a wind project of 70MW in the state of Oaxaca
  • First Reserve in its US$55m acquisition of a 49% participation and investment in Desarrollos Eólicos Mexicanos de Oaxaca 1 and 2, affiliates of Renovalia Energy, and owners and developers of the “Piedra Larga I” and “Piedra Larga II” wind farm projects located in the state of Oaxaca
  • Proyecto CCC Empalme I in the public bid process to be awarded with a US$476m Public Financed Works Contract with CFE for the engineering, procurement, construction and start-up of a 770MW Combined Cycle Plant to be located in Sonora
  • The Chemours Company México in the implementation of comprehensive regulatory models and construction of a 115KV three-breaker-ring switchyard and network
  • EIG Global Energy Partners in their strategic alliance with Abengoa for the financing, construction and development of a US$2b energy/power generation portfolio, comprised initially of 5 projects in Mexico, Brazil and Chile
  • Korea Electric Power Corporation, Samsung C&T Corporation and Techint in the execution of a 25-year PPA with the CFE for the construction and operation of the Norte II 433MW combined cycle power plant in Chihuahua
  • SENER in a US$252m financing for the construction of a 394MW combined cycle power generation facility for the CFE
  • Senermex Ingeniería y Sistemas in a US$122m EPC contract for the construction of a 142MW cogeneration plant to be located in Coatzacoalcos, Veracruz for Afranvent (a Cryoinfra subsidiary)
  • Cogeneración Complejo Pajaritos (a joint venture company of Senermex Ingeniería y Sistemas, OHL Industrial, and IEPI México) in the execution of an approximately US$45m EPC Contract for a cogeneration plant for CYDSA
  • KST Electric Power Company, Korea Electric Power Corporation, Samsung C&T Corporation and Techint in the US$450m financing by The Export-Import Bank of Korea, Crédit Agricole, Sumitomo-Mitsui, Scotiabank and West LB, for the construction of the largest Korean-sponsored power plant ever developed in Latin America. This transaction was named “Latin American Power Deal of the Year” by Project Finance Magazine (Thompson Reuters)
  • KEPCO, Samsung and Techint in an international public bid and a 25-year Power Purchase Agreement with the Federal Electricity Commission for the construction and operation of the Norte II 433MW CCGT power plant, the largest Korean-sponsored power plant ever developed in Latin America. This transaction was named “Latin American Power Deal of the Year” by Project Finance Magazine (Thompson Reuters)
  • SCS Proyectos (a joint venture company of Senermex and Schrader Camargo Construcciones) in a US$130m EPC contract for the construction of an 85MW cogeneration plant to be located in Veracruz, Mexico
  • Samsung and KEPCO, in their participation as bidders with the Federal Electricity Commission for a 294MW combined-cycle gas-turbine power plant to be built in Baja California Norte, Mexico
  • Japan Bank for International Cooperation (JBIC), Calyon and Citigroup in a US$1.4b financing for an international consortium bid to purchase power plants and assets of Electricité de France (EDF) in Mexico
  • Japan Bank for International Cooperation (JBIC) in a US$600m financing to Mitsubishi Corporation for the construction of a 648MW coal-fired power generation plant tendered by the Federal Electricity Commission
  • Cogeneración Complejo “Pajaritos” (a Mexican joint venture company of Senermex Ingeniería y Sistemas, OHL Industrial, and OHL Industrial México) in an Operation and Maintenance Agreement for a cogeneration plant to be located in Coatzacoalcos, Veracruz, Mexico
  • Abengoa México in a US$53m financing from Bankia for the construction and installation of 200km of a 400kV transmission line and two 230kV substations for the Federal Electricity Commission
  • Intergen in the development of a 280MW thermoelectric power plant located in San Luis de la Paz, Guanajuato, Mexico
  • Abengoa México in the construction and installation of more than 110km of 115kV transmission lines and substations for the Federal Electricity Commission
  • Unión Fenosa in the International Public Bid called by the CFE for the design, construction, operation and maintenance of a 250MW plant in Hermosillo, Sonora, Mexico
  • Abengoa México in a US$52m financing from Caja de Ahorros y Monte de Piedad de Madrid for the construction and installation of 170km of 400kV and 230kV transmission lines and two substations for the Federal Electricity Commission
  • CFE in several electricity production and transmission projects, including:
    • Rosarito III 450MW power plant (BLT)
    • Monterrey 450MW power plant (BLT)
    • Merida III 484MW power plant (PPA)
    • Rio Bravo 405-495MW power plant (IPP)
    • Hermosillo 225MW power plant (IPP)
    • Transmission lines and substations interconnected to the National Transmission Network (Red Nacional de Transmision) (BLT)
  • Sempra Energy International in the project for the design, engineering, construction and operation of a 500MW merchant power plant in Mexicali for export of electricity to the United States of America
  • Sener Ingeniería y Sistemas in a project awarded by the Federal Electricity Commission for the design, engineering and construction of a 394.1MW combined cycle power generation facility in Agua Prieta, Sonora, Mexico
  • Constructora Eléctrica del Caribe (a subsidiary of Mitsubishi Corporation) in the bidding process and the design, financing, installation, operation and management of submarine and underground power transmission lines for the “Playa del Carmen-Chancanab” and “Balam-Poktapok” projects, in the Yucatan Peninsula, Mexico
  • Dhamma Energy in the sale of its 37.4MW ready-to build solar power project to Balam Fund
  • Hidrobenz and Hidrosina in their acquisition from Wärtsila of a 50% interest in Energía y Agua Pura de Cozumel, owner of a 24MW heavy fuel oil fired power plant in Cozumel, Quintana Roo, Mexico
  • Constructora Geotermoeléctrica del Pacífico (a subsidiary of Mitsubishi Corporation) in the bidding process and the design, financing, installing, operation and management of a 100MW combined cycle electric plant in Mexicali, Mexico
  • ICA, La Nacional and Energo, in CFE’s “El Cajón” hydroelectric project
  • Andrade Gutierrez and MCN Energy Group, in their joint venture for the design, financing, construction, operation and maintenance of a 24MW hydroelectric plant in San Rafael, Nayarit, Mexico
  • Norelec del Norte (a subsidiary of Mitsubishi Corporation) in the bidding process and the design, financing, installation, operation and management of a 450MW power plant located in Chihuahua, Mexico
  • BankBoston in the execution of a Guarantee Trust Agreement related to the natural gas extraction mobile facility of PEMEX Exploración y Producción located in Cantarell, in the Gulf of Mexico
  • Electricidad Aguila de Tuxpan (a subsidiary of Mitsubishi Corporation) in the financing for the construction of a 450MW IPP power plant in Tuxpan, Veracruz, Mexico
  • Constructora Andrade Gutierrez in a joint venture with Sulzer Hydro and ABB, for the financing, construction, operation and maintenance of a 24MW hydroelectric plant at Santa María, Panamá
  • Burmeister & Wain Scandinavian Contractor (subsidiary of Mitsui Engineering & Shipbuilding Co. Ltd.), in the bidding process for the design, engineering, construction and operation of a 40MW diesel engine power plant in La Paz, Baja California Sur, Mexico
  • El Paso Electric Company in several winning bids for the sale/export of firm capacity and associated energy from its El Paso, Texas generation facilities to plants of the Federal Electricity Commission in Ciudad Juárez, Chihuahua, Mexico
  • Constructora Kepler in an EPC agreement with Electricité de France for a 495MW power plant for the Rio Bravo III project of the Federal Electricity Commission
  • Termoeléctrica de Mexicali in the EPC contract with ICA-Flour Daniel for the construction of a 500MW merchant power plant in Mexicali, Baja California, Mexico
  • Abengoa México in a US$19m financing from Caja de Ahorros y Monte de Piedad de Madrid, for the execution of works for the construction and installation of two 115kV transmission lines and six distribution substations and related high-voltage feeders, for Federal Electricity Commission power plants located in Sinaloa and Sonora, Mexico
  • Illinova Generating Company in its strategic alliance with Constructora Andrade Gutierrez and Entec, for the financing, design, construction, operation and maintenance of three hydroelectric plants for the generation of electricity under self-supply structures
  • Termoeléctrica de Mexicali in the negotiation of a lump sum turnkey EPC contract for the construction of a 230kV transmission line to an interconnection point in the Mexico-U.S. border
  • El Paso Electric Company in its negotiations to sell energy to the Federal Electricity Commission (CFE) and in connection with the expansion and reinforcement of interconnection systems between the company and the CFE
  • Keptic (a joint venture between Constructora Kepler and TIC) in an EPC agreement with TransAlta to build a 300MW combined cycle power generation plant for the Chihuahua III project in Samalayuca, Chihuahua, Mexico

Pipelines

  • TAG Norte Holding (as issuer, subsidiary of IEnova) and TAG Pipelines Norte (project developer), as well as the Sponsors (IEnova and Brookfield Infrastructure controlled companies), in the restructuring of the existing US$1.2b credit facility for the Los Ramones II Norte gas pipeline project, and the simultaneous issuance and placement of US$332m of 5.04% Senior Notes due 2039 with private investors affiliated with Allianz Global Investors, including through an innovative creditor/investor coexistence scheme developed for this transaction
  • Citigroup, Sumitomo Mitsui Banking Corporation, BNP Paribas, JPMorgan Chase, and The Bank of Nova Scotia, acting as Joint Lead Arrangers and Joint Bookrunners  in a simultaneous syndicated credit facility and a Rule 144A / Reg. S bond offering to allow private equity fund Actis to successfully complete its acquisition of global power-generation company InterGen’s business interests in Mexico, including the purchase of 2,200 MWs in operation with six combined-cycle power generation projects, a 155 MW wind project with partner IEnova, a 65-kilometer natural-gas pipeline, and 3 natural gas-compression stations, for an enterprise value of US$1.256b. This is the first time that a project acquisition in Mexico of this size is executed with the use of bond proceeds. This transaction was named Best Infrastructure Financing in Mexico by Latin Finance in the Project & Infrastructure Finance Awards 2018 and Mexico Structured Bond Deal of the Year by GFC Media Group in the Bonds & Loans Awards 2019
  • TAG Norte Holding, as borrower, Ductos y Energéticos del Norte and PMI Holdings as sponsors, in the US$1.47b financing (including Senior and VAT facilities) for the 454km Los Ramones Phase II-Norte Gas Pipeline Project. This transaction was named Project Finance Deal of the Year (2014) by Latin Lawyer
  • PEMEX, PGPB (TAG) and PMI International, as sponsors, in the approximately US$1.1b project for the development, construction, financing, operation and ownership of the approximately 287km Los Ramones Phase II-South natural gas transportation pipeline, which is being developed in association with GDF. This transaction was named “Americas Oil and Gas Deal of the Year” for 2014 by Thompson Reuters, as well as, Latin American Midstream Oil & Gas Deal of the Year by IJ Global
  • Ductos El Peninsular, a joint venture of Hidrosina, PMI Comercio Internacional (a PEMEX subsidiary) and Trafigura, in the development, construction, financing, operation and ownership of a 350km pipeline project and related storage facilities, for transportation of gasoline, diesel and lubricants in the Yucatán Peninsula
  • Hidrobenz, PMI Comercio Internacional and Trafigura, as sponsors in the development, construction, financing and operation of an ongoing US$650m project consisting of two pipelines, one of 350km and the other of 250km and related storage facilities, for the transportation of gasoline, diesel and lubricants in the southern part of Mexico
  • SENER/Bonatti consortium, as EPC contractors, in the negotiation of an approximately US$85m EPC contract for the construction of the 114km Los Ramones Phase I natural gas transportation pipeline for Gasoductos del Noreste
  • PMI Comercio Internacional (a PEMEX subsidiary), in the negotiations of a joint venture to operate 2 pipelines to deliver fuel oil from a plant to a marine terminal and vice versa, as well as to store and manage fuel oil tanks
  • Sener Ingenieria y Sistemas as part of a sponsor consortium in a US$170m EPC Contract for the construction of a 117km pipeline and compression stations for Gasoductos del Noroeste (a PEMEX joint venture company)
  • Key Enterprises in the execution of a Trenching Agreement with the French and Spanish consortium formed by Dragados-Auxini Internacional de Pipelines and Entrepose-Montalev, for the construction of approximately 300km for the laying of the Maghreb-Europe Gas Line to transport natural gas from Morocco to Europe through the Strait of Gibraltar
  • Sempra Energy Mexico in its Gasoducto Baja Norte project consisting of the construction and operation in Northern Mexico of a 135-mile pipeline that would transport up to 650m cfpd of natural gas from an international connection point to the northern region of Baja California, Mexico
  • Gasoducto Rosarito in the design, construction, operation and maintenance of a transportation system to supply natural gas to the Federal Electricity Commission power plants in Rosarito, Baja California
  • HSBC Mexico in structuring and financing a multimillion-dollar loan for Tradeco Infraestructura, for the construction of 3 separate gas pipelines between drilling rigs in the Gulf of Mexico, for PEMEX Exploración y Producción
  • DMGP (a consortium formed by Diavaz, Mexssub, Greystar and Penspen) in the development of a US$1.3bn pipeline transportation system for PEMEX Exploración y Producción in Tabasco
  • Marubeni, Williams, Wood Group and Mexssub as bidders for rendering pipeline transportation and safety services to PEMEX Exploración y Producción

Oil & Gas

  • AREA 1 MEXICO MV34 BV, a company owned by MODEC, Inc., Mitsui & Co., Ltd. and MOL, in the development of a floating production storage and offloading unit (FPSO), which will provide services to Eni Mexico, in the contract area composed by the Amoca, Mizton and Tecoalli oil fields
  • NuStar Energy L.P. through regulatory advice in connection with the development of an oil terminal project in Nuevo Laredo, Tamaulipas
  • Hidrocarburos del Sureste, a Mexican midstream company belonging to the Lodemo Group, in the development of its marine oil storage terminal (including gasoline, diesel and turbosine) with a design capacity of 450,0000bpd, throughout the development of its project and the implementation of its open season procedure
  • Combustibles Playa Rosarito, a joint venture between Marathon Petroleum (formerly Tesoro Corp), the largest refining group in the United States, with CFEnergía, affiliate of the Federal Electricity Commission (Comision Federal de Electricidad) in the Development of a marine oil terminal in Rosarito, Baja California.
  • A subsidiary of Chevron Corporation in the negotiation and execution of a long-term Terminal Services Agreement with an affiliate of IEnova, for the storage of gasolines and diesel in a new US$130m refined products terminal in the State of Baja California in northern Mexico, as well as in related agreements for an option to acquire 20% of the equity of the terminal
  • Oxy Services, a Grupo DICSA company, in the structuring and implementation of a contractual arrangement for the supply and financing of petroleum refined products in Mexico by the Mexican subsidiary of Freepoint Commodities LLC
  • Tesoro Mexico, a subsidiary of Marathon Petroleum Corp., in the pre-qualification process and awarding of Pemex’s total storage and pipeline transportation capacity in northwest Mexico auctioned in the first Open Season procedure, including the negotiation and execution of 9 storage services agreements and two pipeline transportation agreements with Pemex Logistica, among other ancillary agreements
  • Tesoro México in the pre-qualification process and awarding of Pemex’s total storage and pipeline transportation capacity in west Mexico auctioned in the third Open Season procedure, including the negotiation and execution of four storage services agreements with Pemex Logistica, among other ancillary agreements
  • Global Infrastructure Partners, as lenders, in the security structuring and negotiation of a multimillion credit facility granted to Blue Marine Capital, for the construction of a floating, production, storage and offloading unit (FPSO) to receive solids, liquids (crude oil, reaction products and formation waters) and gases originating from Pemex oil-well operations, under a long-term multiple services agreement executed with Pemex Exploración y Producción
  • Jaguar Exploración y Producción de Hidrocarburos, in the prequalification process of International Public Bid “Ronda 2.3”, called by the National Hydrocarbons Commission, and in the process for the awarding of 5 tendered onshore E&P blocks in various locations in Mexico
  • Jaguar Exploración y Producción de Hidrocarburos and Canadian BlackPearl Resources, in the prequalification process of International Public Bid “Ronda 2.2”, called by the National Hydrocarbons Commission, and in the process for the awarding of tendered hydrocarbon blocks in Mexico for E&P activities
  • Schlumberger in the acquisition of onshore oil field Pánuco, located in the coast of the Gulf of Mexico, from its former contract partner Petrofac (British oil and gas service provider)
  • Enermex, as supplier, in the execution of a long-term Fuel Supply Agreement for up to 400,000 bpm of gasoline and diesel entered with a large service station group with presence in Mexico’s western area
  • PEMEX Transformación Industrial in the US$597m sale-leaseback transaction and financing of its ultra-low sulfur gasoline units in the Madero Refinery to First Reserve
  • PEMEX Exploración y Producción, in the US$1.2b financial sale and leaseback transactions with affiliates of Kohlberg Kravis Roberts & Co, of 15 infrastructure and production assets located in the Gulf of Mexico. This transaction was named Private Equity Deal of the Year by Latin Finance, shortlisted Private Equity Deal of the Year (2016) by Latin Lawyer, as well as shortlisted Private Equity Deal for the 2017 Americas Awards by IFLR
  • ACON Investments and its portfolio company Citla Energy, an independent Mexican oil exploration and production company, in their US$560m co-investment commitment with International Finance Corporation (IFC) and the China-Mexico Fund (CMF), and the various drawdowns thereunder
  • Encompass Capital in its US$15m investment in Vista Oil & Gas, a SPAC by Riverstone Sponsor, through a private placement Rule 144A
  • Jaguar Exploración y Producción de Hidrocarburos and The Blackstone Group in their pre-qualification and presentation of their joint bids as a consortium in International Public Bid “Round 1.3”, called by the National Hydrocarbons Commission for the award of E&P license agreements of 25 oil fields
  • Grupo México in a US$275m syndicated credit facility arranged by HSBC and Citigroup, to finance the acquisition of two 400ft jack-up rigs and two modular rigs to be leased to PEMEX for the performance of E&P activities in the Gulf of Mexico
  • ING, Mizuho, CitiBank, Crédit Agricole, La CaixaBank, Sabadell, Banamex, and BBVA Bancomer, in their US$300m acquisition financing to Vopak and EneGas to purchase the Altamira II LNG facility
  • Grupo México and Perforadora México, in a US$127m financing by Inbursa, for the acquisition of the 125.27m Friede & Goldman Super M2 jack-up drilling rig “Zacatecas”, constructed by Maritime Industrial Services Co. Ltd., and leased by PEMEX Exploración y Producción
  • PMI Services North America in the development of a cross-border pipeline project to transport diesel and gasoline from a refinery in Texas to a PEMEX Storage Facility in Ciudad Juarez, including obtaining a Presidential Permit to cross the Rio Grande (Rio Bravo) and the approvals of the International Boundary and Waters Commission (IBWC/CILA)
  • ExxonMobil in the restructuring of its corporate and contractual arrangements regarding its participation in the Mexican gasoline service stations market
  • Baker Hughes with respect to the acquisition of a fluid operations plant in Mexico, including the assignment of the rights and obligations arising out of certain licenses to use federal sea and land zones
  • Pacific Rubiales as bidder with PEMEX Exploración y Producción for “Incentivized Contracts” for the exploration and production of the Carrizo, Magallanes and Santuario oil fields
  • Hidrosina, one of the largest franchisees of the PEMEX Service Stations Franchise, in connection with the sale and distribution of gasoline and lubricants throughout Mexico
  • Hidrosina in its negotiations to buy-out ExxonMobil of its participation in a strategic alliance between both parties in the area of service stations
  • Perforadora Mexico in a US$140m refinancing by INBURSA, for the acquisition of the drilling rig type Hull 106 “Chihuahua”, leased by PEMEX Exploración y Producción
  • Sener Ingeniería y Sistemas and Senermex in their joint venture with OHL Industrial and OHL Industrial México, for the execution of a US$82m EPC public works contract for the development, supply, installation and start-up of a 35MW turbo-generator for the Francisco I. Madero PEMEX refinery
  • BP in its corporate and contractual arrangements regarding its participation in the Mexican gasoline market
  • Air BP (a subsidiary of BP) regarding the legal implications of entering the sale and distribution of its products to the Mexican aviation industry
  • Marubeni and Duke Energy as bidders for rendering services to PEMEX Gas y Petroquímica Básica, under a 20-year-agreement to build and operate a 300MW cogeneration power facility at the Nuevo PEMEX natural gas complex. The project involved securing financing of US$400m
  • Mitsubishi Heavy Industries in its joint-venture with Techint, Black & Veatch and Vinci for the construction of the US$400m Costa Azul LNG regasification plant in Ensenada, Baja California, Mexico
  • PEMEX Refinación in the analysis of failures by the contractor to meet obligations under a US$2.5b agreement to build public works entered with CONPROCA, for the expansion and upgrading of a refinery
  • SENER and PEMEX in the drafting of new administrative Contracting and Bidding Guidelines approved by the PEMEX Board of Directors
  • Sempra Energy International in its natural gas transportation and distribution projects in Mexico, including its winning bids for 3 distribution permits (in Durango, Chihuahua and Mexicali) and 2 transportation permits (in Baja California) granted by the CRE
  • PEMEX Gas y Petroquímica Básica to implement legal solutions to resolutions issued by the Mexican Antitrust Commission affecting its participation in several gas transportation and commercialization projects through Gasoductos de Chihuahua (Natural Gas Project Burgos-Monterrey) and Gasoductos de Tamaulipas (LPG Project San Fernando) and their impact on future gas projects to be developed
  • Distribuidora de Gas Natural de Mexicali in the negotiation with Socal Gas of a TSA for the transportation of up to 252,000 therms per day to distribute natural gas in the Mexicali Geographic Zone
  • Pacific Enterprises, Enova Corporation, Próxima Gas and Corporativo San Angel in their strategic alliance and participation in the International Public Bid called by the CRE for the granting of the first permit for the distribution of natural gas in the Toluca Geographic Zone
  • Enova International and Unión Fenosa in their alliance to participate in the International Public Bid called by the CRE for the granting of a permit to distribute natural gas in the Monterrey Geographic Zone and the purchase of 2,500 miles of pipeline owned by the Federal Electricity Comission
  • Baker Hughes in numerous service contracts and international bids with PEMEX Exploración y Producción
  • TransCanada, in a long-term natural gas transportation contract tendered by the Federal Electricity Commission to meet the demand of the Yucatán Peninsula (Gasoducto Mayakán)

Petrochemicals

  • Gas y Petroquímica de Occidente, S.A. de C.V., a subsidiary of Proman AG, in the development of an 800,000 ton per year ammonia plant and export terminal in Topolobampo, Sinaloa.
  • PEMEX Petroquímica in its historic Pesos $5b joint venture with Mexichem for the development of the Mexican petrochemical industry by integrating the salt–chlorine/soda–ethylene–vinyl chloride monomer production lines and facilities at the “Pajaritos” petrochemical complex
  • HSBC, Santander, BBVA, Citigroup, JP Morgan, BofA-Merrill Lynch and others in a US$1b syndicated financing facility to Mexichem
  • Petro-Pinsa in its US$1b joint-venture with Proman AG for the development, construction and operation of a 2,200 mtpd Ammonia Plant in Sinaloa, Mexico through Gas y Petroquimica de Occidente

Environment & Natural Resources

  • InterGen in the development of a 1.3b cfpd natural gas compression station in Altamira, Tamaulipas, Mexico
  • DuPont in obtaining key infrastructure and water permits to build an aqueduct of 22km in the Lagunario system of Altamira, Tamaulipas to conduct water from the Río Tamesí to DuPont’s Titanium Altamira Plant and construct the wastewater discharge infrastructure in the Gulf of Mexico and modifications to the National Waters and the Federal Maritime and Terrestrial Zone concession titles to duplicate capacity and allow the placement of two new wastewater pipelines in said area
  • InterGen in the preparation of the environmental and social assessments and the Community Relations Plan of the 280MW gas fired Combined Cycle Power Plant in San Luis de la Paz and the Altamira Compression Station, to comply with the Equator Principles and obtain project finance for both facilities
  • Mitsubishi Corporation in the purchase of a 395MW wind farm in Oaxaca, Mexico
  • GDF Suez in the development of a new private power generation facility to provide electric energy to several industrial plants in the Altamira API port terminal
  • Banorte and a syndicate of banks in the Pesos $850m senior financing facility to Renova Atlatec for the construction of the Agua Prieta PPP Water Treatment Plant project
  • Empresas Públicas de Medellin in the tender to acquire 3 separate sewage treatment facilities serving diverse municipalities in Mexico
  • Mitsubishi Corporation and GDF Suez North America in the international public bid for an independent power production (IPP) Project of 300MW in Baja California
  • InterGen in the development of a 280MW gas fired combined cycle power plant in San Luis de la Paz, Guanajuato
  • Electricidad Aguila de Tuxpan, in successful claims before the Mexican Government concerning payment of an aggregate US$15m in federal fees for the use of Mexican National Assets
  • EMCOSE in the regularization of its cogeneration facility to supply thermal energy and electricity to one of the largest bottling groups in Mexico
  • Dupont, in the development of the legal environmental strategy to ensure the approval and timely completion of an expansion project to an existing productive plant
  • Keppel Seghers, in the performance of development feasibility studies to build a utility scale wastewater treatment plant for the use of treated water in petroleum refining processes
  • Termoeléctrica Peñoles in review processes initiated by the National Waters Commission (CONAGUA) regarding underground water exploitation

Dispute Resolution

  • PEMEX Refinación in an arbitration before the ICC and the negotiation of a US$600m settlement in connection with a controversy with a major supplier
  • Alstom Power Centrals and Alstom Power Mexico in an arbitration before the ICC and various Mexican authorities concerning claims relating to the construction of a coke-fired electric power plant in Tamuin, Mexico
  • PEMEX regarding various actions filed in the United States and in Spain, relating to the enforcement of the PEMEX trademark in such jurisdictions
  • Castrol (a subsidiary of BP), regarding the enforcement of certain intellectual property rights, with respect to the sale of Castrol products in Mexico

Power Generation / Transmission Lines

  • IENova as borrower, in the US$100m extension of the multilateral green loan financing for the development of four solar projects in Mexico, granted by the Japan International Cooperation Agency (JICA).This is the first private sector investment by JICA in Mexico since 2012, and is one of the first financings obtained in Mexico under the COVID-19 outbreak 
  • IENova, as borrower, in the US$200m multilateral green loan financing by IFC/Nadbank for the development of 4 (four) solar projects in Mexico
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Power Generation / Transmission Lines

  • IENova as borrower, in the US$100m extension of the multilateral green loan financing for the development of four solar projects in Mexico, granted by the Japan International Cooperation Agency (JICA).This is the first private sector investment by JICA in Mexico since 2012, and is one of the first financings obtained in Mexico under the COVID-19 outbreak 
  • IENova, as borrower, in the US$200m multilateral green loan financing by IFC/Nadbank for the development of 4 (four) solar projects in Mexico
  • Citigroup, Sumitomo Mitsui Banking Corporation, BNP Paribas, JPMorgan Chase, and The Bank of Nova Scotia, acting as Joint Lead Arrangers and Joint Bookrunners, in a simultaneous syndicated credit facility and a Rule 144A / Reg. S bond offering to allow private equity fund Actis to successfully complete its acquisition of global power-generation company InterGen’s business interests in Mexico, including the purchase of 2,200 MWs in operation with six combined-cycle power generation projects, a 155 MW wind project with partner IEnova, a 65-kilometer natural-gas pipeline, and 3 natural gas-compression stations, for an enterprise value of US$1.256b. This is the first time that a project acquisition in Mexico of this size is executed with the use of bond proceeds. This transaction was named Best Infrastructure Financing in Mexico by Latin Finance in the Project & Infrastructure Finance Awards 2018, Latin American M&A deal of the Year 2018 by IJ Global (Euromoney) and Mexico Structured Bond Deal of the Year by GFC Media Group in the Bonds & Loans Awards 2019
  • Macquarie Capital and Techint, as sponsors, in the highly complex US$1.2b acquisition, development and project financing of the landmark 907MW Norte III power plant in Mexico, which will generate power for the Federal Electricity Commission pursuant to a 25-year PPA. This transaction was named LATAM Power Deal of the Year by Project Finance International (Thompson Reuters); Latin American Power & Overall Deal of the Year by IJ Global (Euromoney), Project Finance Deal of the Year by Latin Lawyer and Best Power Financing Deal by Latin Finance in the Project & Infrastructure Finance Awards 2018 
  • Macquarie Capital in the multimillion-dollar sale to an SPV of InfraRed Capital Partners and Invex Infraestructura, of a 45.5% stake in Norte III Power, S.A.P.I., which owns the 907 MW Norte III power plant in Mexico for the generation of electricity for the Federal Electricity Commission pursuant to a 25-year PPA
  • IEnova, in the US$852m acquisition of the largest wind farm projects in Mexico, Ventika I and Ventika II, from Fisterra Energy, a Blackstone company (NYSE: BX). This transaction was named Private Equity Deal of the Year by Latin Finance for the 2017 Latin Finance Deals of the Year Awards 
  • Natixis and Credit Agricole (CA-CIB) as Mandated Lead Arrangers and Issuing Banks in the negotiation of a syndicated credit facility and Mexican security package for US$100m, granted to Energía Renovable de la Península (a subsidiary of Grupo Cobra), for the development and financing of a 92.4MW wind farm project located in the Yucatan Peninsula, which holds several PPAs awarded as a result of first long-term auctions from renewable energy sources of the CENACE
  • Dhamma Energy in the sale of its 37.4MW ready-to build solar power project to Balam Fund
  • Avanzia, as contractor, in the US$121m EPC for the design, procurement, construction and start-up of a 90MW wind farm for Energía Renovable de la Península, S.A.P.I. de C.V. to be located in Progreso, Yucatán
  • Avanzia, as buyer, in the US$91m Turbine Supply Agreement with Envision Energy
  • Mexico Power Group (Anglo-American private equity group) in the renewables joint venture with First Reserve for the US$215m financing to build the 130MW “La Bufa” wind farm in Zacatecas, Mexico
  • Dhamma Energy Management in the sale of two of its Mexican subsidiaries, Tampico Solar and Proteus Solar to SunPower Corporation Mexico
  • Telefónica, as offtaker, in a Power Supply Agreement entered with BAS Project Corporation, El Rollo Solar, and Juarez Renovables
  • Metrópolis Energía Zapoteca in the US$9m acquisition of the 76% of the stock of a company authorized to develop, construct and operate a wind project of 70MW in the state of Oaxaca
  • First Reserve in its US$55m acquisition of a 49% participation and investment in Desarrollos Eólicos Mexicanos de Oaxaca 1 and 2, affiliates of Renovalia Energy, and owners and developers of the “Piedra Larga I” and “Piedra Larga II” wind farm projects located in the state of Oaxaca
  • Proyecto CCC Empalme I in the public bid process to be awarded with a US$476m Public Financed Works Contract with CFE for the engineering, procurement, construction and start-up of a 770MW Combined Cycle Plant to be located in Sonora
  • The Chemours Company México in the implementation of comprehensive regulatory models and construction of a 115KV three-breaker-ring switchyard and network
  • EIG Global Energy Partners in their strategic alliance with Abengoa for the financing, construction and development of a US$2b energy/power generation portfolio, comprised initially of 5 projects in Mexico, Brazil and Chile
  • Korea Electric Power Corporation, Samsung C&T Corporation and Techint in the execution of a 25-year PPA with the CFE for the construction and operation of the Norte II 433MW combined cycle power plant in Chihuahua
  • SENER in a US$252m financing for the construction of a 394MW combined cycle power generation facility for the CFE
  • Senermex Ingeniería y Sistemas in a US$122m EPC contract for the construction of a 142MW cogeneration plant to be located in Coatzacoalcos, Veracruz for Afranvent (a Cryoinfra subsidiary)
  • Cogeneración Complejo Pajaritos (a joint venture company of Senermex Ingeniería y Sistemas, OHL Industrial, and IEPI México) in the execution of an approximately US$45m EPC Contract for a cogeneration plant for CYDSA
  • KST Electric Power Company, Korea Electric Power Corporation, Samsung C&T Corporation and Techint in the US$450m financing by The Export-Import Bank of Korea, Crédit Agricole, Sumitomo-Mitsui, Scotiabank and West LB, for the construction of the largest Korean-sponsored power plant ever developed in Latin America. This transaction was named “Latin American Power Deal of the Year” by Project Finance Magazine (Thompson Reuters)
  • KEPCO, Samsung and Techint in an international public bid and a 25-year Power Purchase Agreement with the Federal Electricity Commission for the construction and operation of the Norte II 433MW CCGT power plant, the largest Korean-sponsored power plant ever developed in Latin America. This transaction was named “Latin American Power Deal of the Year” by Project Finance Magazine (Thompson Reuters)
  • SCS Proyectos (a joint venture company of Senermex and Schrader Camargo Construcciones) in a US$130m EPC contract for the construction of an 85MW cogeneration plant to be located in Veracruz, Mexico
  • Samsung and KEPCO, in their participation as bidders with the Federal Electricity Commission for a 294MW combined-cycle gas-turbine power plant to be built in Baja California Norte, Mexico
  • Japan Bank for International Cooperation (JBIC), Calyon and Citigroup in a US$1.4b financing for an international consortium bid to purchase power plants and assets of Electricité de France (EDF) in Mexico
  • Japan Bank for International Cooperation (JBIC) in a US$600m financing to Mitsubishi Corporation for the construction of a 648MW coal-fired power generation plant tendered by the Federal Electricity Commission
  • Cogeneración Complejo “Pajaritos” (a Mexican joint venture company of Senermex Ingeniería y Sistemas, OHL Industrial, and OHL Industrial México) in an Operation and Maintenance Agreement for a cogeneration plant to be located in Coatzacoalcos, Veracruz, Mexico
  • Abengoa México in a US$53m financing from Bankia for the construction and installation of 200km of a 400kV transmission line and two 230kV substations for the Federal Electricity Commission
  • Intergen in the development of a 280MW thermoelectric power plant located in San Luis de la Paz, Guanajuato, Mexico
  • Abengoa México in the construction and installation of more than 110km of 115kV transmission lines and substations for the Federal Electricity Commission
  • Unión Fenosa in the International Public Bid called by the CFE for the design, construction, operation and maintenance of a 250MW plant in Hermosillo, Sonora, Mexico
  • Abengoa México in a US$52m financing from Caja de Ahorros y Monte de Piedad de Madrid for the construction and installation of 170km of 400kV and 230kV transmission lines and two substations for the Federal Electricity Commission
  • CFE in several electricity production and transmission projects, including:
    • Rosarito III 450MW power plant (BLT)
    • Monterrey 450MW power plant (BLT)
    • Merida III 484MW power plant (PPA)
    • Rio Bravo 405-495MW power plant (IPP)
    • Hermosillo 225MW power plant (IPP)
    • Transmission lines and substations interconnected to the National Transmission Network (Red Nacional de Transmision) (BLT)
  • Sempra Energy International in the project for the design, engineering, construction and operation of a 500MW merchant power plant in Mexicali for export of electricity to the United States of America
  • Sener Ingeniería y Sistemas in a project awarded by the Federal Electricity Commission for the design, engineering and construction of a 394.1MW combined cycle power generation facility in Agua Prieta, Sonora, Mexico
  • Constructora Eléctrica del Caribe (a subsidiary of Mitsubishi Corporation) in the bidding process and the design, financing, installation, operation and management of submarine and underground power transmission lines for the “Playa del Carmen-Chancanab” and “Balam-Poktapok” projects, in the Yucatan Peninsula, Mexico
  • Dhamma Energy in the sale of its 37.4MW ready-to build solar power project to Balam Fund
  • Hidrobenz and Hidrosina in their acquisition from Wärtsila of a 50% interest in Energía y Agua Pura de Cozumel, owner of a 24MW heavy fuel oil fired power plant in Cozumel, Quintana Roo, Mexico
  • Constructora Geotermoeléctrica del Pacífico (a subsidiary of Mitsubishi Corporation) in the bidding process and the design, financing, installing, operation and management of a 100MW combined cycle electric plant in Mexicali, Mexico
  • ICA, La Nacional and Energo, in CFE’s “El Cajón” hydroelectric project
  • Andrade Gutierrez and MCN Energy Group, in their joint venture for the design, financing, construction, operation and maintenance of a 24MW hydroelectric plant in San Rafael, Nayarit, Mexico
  • Norelec del Norte (a subsidiary of Mitsubishi Corporation) in the bidding process and the design, financing, installation, operation and management of a 450MW power plant located in Chihuahua, Mexico
  • BankBoston in the execution of a Guarantee Trust Agreement related to the natural gas extraction mobile facility of PEMEX Exploración y Producción located in Cantarell, in the Gulf of Mexico
  • Electricidad Aguila de Tuxpan (a subsidiary of Mitsubishi Corporation) in the financing for the construction of a 450MW IPP power plant in Tuxpan, Veracruz, Mexico
  • Constructora Andrade Gutierrez in a joint venture with Sulzer Hydro and ABB, for the financing, construction, operation and maintenance of a 24MW hydroelectric plant at Santa María, Panamá
  • Burmeister & Wain Scandinavian Contractor (subsidiary of Mitsui Engineering & Shipbuilding Co. Ltd.), in the bidding process for the design, engineering, construction and operation of a 40MW diesel engine power plant in La Paz, Baja California Sur, Mexico
  • El Paso Electric Company in several winning bids for the sale/export of firm capacity and associated energy from its El Paso, Texas generation facilities to plants of the Federal Electricity Commission in Ciudad Juárez, Chihuahua, Mexico
  • Constructora Kepler in an EPC agreement with Electricité de France for a 495MW power plant for the Rio Bravo III project of the Federal Electricity Commission
  • Termoeléctrica de Mexicali in the EPC contract with ICA-Flour Daniel for the construction of a 500MW merchant power plant in Mexicali, Baja California, Mexico
  • Abengoa México in a US$19m financing from Caja de Ahorros y Monte de Piedad de Madrid, for the execution of works for the construction and installation of two 115kV transmission lines and six distribution substations and related high-voltage feeders, for Federal Electricity Commission power plants located in Sinaloa and Sonora, Mexico
  • Illinova Generating Company in its strategic alliance with Constructora Andrade Gutierrez and Entec, for the financing, design, construction, operation and maintenance of three hydroelectric plants for the generation of electricity under self-supply structures
  • Termoeléctrica de Mexicali in the negotiation of a lump sum turnkey EPC contract for the construction of a 230kV transmission line to an interconnection point in the Mexico-U.S. border
  • El Paso Electric Company in its negotiations to sell energy to the Federal Electricity Commission (CFE) and in connection with the expansion and reinforcement of interconnection systems between the company and the CFE
  • Keptic (a joint venture between Constructora Kepler and TIC) in an EPC agreement with TransAlta to build a 300MW combined cycle power generation plant for the Chihuahua III project in Samalayuca, Chihuahua, Mexico

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