IEnova Corp. (IFC-42260)

Countries
  • Mexico
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
INFRAESTRUCTURA ENERGETICA NOVA, S.A.B. DE C.V.
The holder of the loan, grant, or other investment.
Sectors
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Project Cost (USD)
$ 395.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS May 9, 2019

Disclosed by Bank Apr 16, 2019


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Project Description

The proposed investment consists of up to US$395 million corporate, unsecured A/B/Parallel facility to Infraestructura Energética Nova S.A.B. de C.V. (“IEnova” or “The Company”). Proceeds will be used to fund IEnova’s first-time expansion into the solar power generation segment for the development and construction of four solar power generation plants with a total capacity of 376 MW (the “Project”). The Project could potentially include a fifth plant, if IFC identifies sufficient appetite from potential parallel lenders.

Investment Description
  • International Finance Corporation (IFC)
Private Actors
Contact Information

ACCOUNTABILITY MECHANISM OF IFC

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