Project finance: Mexico capitalizes on power project track record

Biggest Korean investment in Mexican power sector; Further deals in the pipeline

Asian investment into Latin America continues apace after financing closed last month for a power-generation project in Mexico involving Korean institutions.

While Japanese and increasingly Chinese investment into the region has grabbed headlines, Korean interest in Latin America has been more limited. But that might be about to change.

Last August Korea Electric Power (Kepco) and Samsung, together with Argentina’s Techint, won the contract to build, own and operate the 433MW Norte II power plant in Mexico’s northern state of Chihuahua.

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