MADRID, 4 Abr. (EUROPA PRESS) -

Iberdrola, through its companies in Mexico, has signed an agreement of intent with the state-owned company México Infrastructure Partners (MIP) through which it undertakes to sell 8,539 megawatts (MW) of installed capacity, which includes 8,436 MW in combined gas cycles and 103 MW of wind power, for an amount of about 6,000 million dollars (about 5,478 million euros), an amount that could be modified depending on the closing date of the transaction and other possible usual adjustments in this type of agreement, reported the company.

Specifically, the divestment operation includes the combined gas cycles, which operate under the regime of Independent Energy Producers contracted with the Federal Electricity Commission (CFE) in Monterrey I and II, Altamira III and IV, Altamira V, Escobedo, La Laguna , Tamazunchale I, Baja California, Topolobampo II and Topolobampo III, together with the La Venta III wind farm, which account for 87% of the total installed capacity to be divested, and the private gas combined cycle plants of Monterrey III and IV, Tamazunchale II and Enertek.

The transaction is subject to the agreement and the signing of the definitive contracts by the parties, as well as the obtaining of the necessary regulatory approvals and the fulfillment of certain usual conditions in this type of operation.

The operation has the financial support of the National Infrastructure Fund of Mexico (Fonadin) and other public financial entities linked to the Government of Mexico.

Iberdrola México indicated that it will continue to provide service to its current customers in Mexico, for which it is expected to enter into energy purchase and sale contracts with the companies that are being transferred in order to provide the companies of the Iberdrola Group with the energy and power necessary to develop the renewable generation in Mexico and meet its current and future objectives in the country.

((WILL BE EXTENSION))