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    Jera exits gas power projects in Mexico

Summary

The Japanese firm has sold its entire stake in MT Falcon Holdings, which operates five natural gas thermal independent power projects in Mexico.

by: Shardul Sharma

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Complimentary, Natural Gas & LNG News, Americas, Asia/Oceania, Gas to Power, News By Country, Japan, Mexico

Jera exits gas power projects in Mexico

Japan’s Jera has concluded an agreement to sell its entire 20% stake in MT Falcon Holdings, which operates five natural gas thermal independent power projects in Mexico, to UK-based Actis GP, it said on September 16. The projects have a combined capacity of 2.23 GW.  

“Procedures for the sale are expected to be completed by March 2022 subject to approval by Mexican government authorities,” Jera said.

Jera said it will continue to renew its portfolio going forward, selling assets and reinvesting the proceeds as it “optimises its asset allocation for compatibility with a changing business environment and seeks to expand earnings”.