T&K Assists Ciclo Combinado Tierra Mojada, S. de R.L. de C.V. in Obtaining Funding for Mexico Power Plant

Dallas – Thompson & Knight LLP acted as corporate counsel to Ciclo Combinado Tierra Mojada, S. de R.L. de C.V., and its shareholders in obtaining approximately $600 million of construction facilities and letters of credit from six banks, including Crédit Agricole Corporate & Investment Bank, Intesa San Paolo S.P.A. – New York Branch, Mizuho Bank, LTD., Natixis – New York Branch, Société Générale, and Sumitomo Mitsui Banking Corporation.

On June 19, 2017, Tierra Mojada, an 875 megawatt (MW) combined-cycle, natural gas-fired power plant in Guadalajara, Mexico, reached financial close. Tierra Mojada will sell power exclusively into the new wholesale electricity market created by Mexico’s ongoing Energy Reform.

“This is another step forward in furthering Mexico’s power markets” said Regina Legorreta Palomino, Counsel at Thompson & Knight.

The Thompson & Knight team included Regina Legorreta Palomino and Claudio Rodríguez-Galán. Thompson & Knight’s global Renewable Energy Practice engages attorneys in the United States, Mexico, Algeria, and the United Kingdom and also applies the Firm’s experience in the global energy industry. To learn more, please click here.