Source: SCT
Bancomext, Banobras and Nafin signed a loan agreement with Altán Redes, S.A.P.I. de C.V., a vehicle constituted by Altán, a winning consortium of the international public tender convened by the Ministry of Communications and Transport, which was awarded a public-private partnership agreement for the deployment and operation of a Wholesale Telecommunications Network in Mexico.
The three development banks will participate in the financing of the project through credits that, jointly, amount to 17 thousand 750 million pesos with an average term of 13 years.
With the signing of the credit agreement successfully concluded a financial closure process that lasted three months, thereby securing both capital and debt resources necessary for the development of the project.
Source: SHCP
735 requests from 18 companies were received.
On April 7th, CENAGAS concluded a further stage of the Open Season Procedure for the Capacity Reserve available at Firm Base in the Integrated Natural Gas Transportation and Storage System (SISTRANGAS).
The Open Season 2016 – 2017 of SISTRANGAS began with the submission of applications from November 28, 2016 until March 10, 2017. During this period, 780 applications were received from 24 companies, which represent a requirement of Transport capacity of 3.4 million gigajoules, from the 2.7 million gigajoules available.
Source: CENAGAS
The Federal Electricity Commission (CFE) announces the the Second Call for Bids result of the 45 Combined Cycle Power Plant (CC) Topolobampo III project. The awardee will be Iberdrola Generación México, S.A. de C.V., whose proposal guarantees the best technical and economic conditions for the CFE.
The plant will be located in the municipality of Ahome, Sinaloa. Its objective is to satisfy the growing demand for electric power in the West of the country.
The project consists of facilities development, design, construction, testing and commissioning of the plant, as well as the operation and maintenance. The estimated time for execution is 30 months.
The Secretary of Finance and Public Credit, José Antonio Meade Kuribreña, presented the Strategy to Promote Public Private Partnerships of the Mexican Government, involving 12 projects with a joint investment of MXN 22 billion. With this strategy, Mexico maintains and strengthens its development path.
He commented that the best way to get the country ahead in times of uncertainty is through investment, regardless of any trade agreement with the United States.
Go to the Strategy to Promote Public Private Partnerships (PPPs) site
Petróleos Mexicanos and the Australian company BHP Billiton signed the license agreement for the development of the deep-water Trion Block during an event hosted by the President of Mexico, Enrique Peña Nieto.
It is the first association for exploration and production farm out project that Pemex carries out in its history, taking advantage of the mechanisms and flexibility granted by the Energy Reform. The Trion Block, discovered by Pemex in 2012, has 3P total reserves for 485 million barrels of crude oil equivalent, so there is certainty about its commercial viability.
BHP Billiton is the largest oil company in the world, with more than 150 years of history and presence in 12 countries. It has successfully developed wells on the US side of the Gulf of Mexico and has one of the lowest accident rates in the industry.
Source: Petróleos Mexicanos /
Today, on behalf of the Mexican State, the National Hydrocarbons Commission (CNH) signed the first contract obtained by the Productive Company of the State Petróleos Mexicanos (Pemex), through its subsidiary Pemex Exploration and Production, in joint participation with Inpex Corporation and Chevron Energía de México S. de RL de C.V. companies, in an open competition process, derived from the Energy Reform.
For the first time in its history Pemex won, in consortium with Chevron and Inpex, a contract in deep waters. This is Block 3 North of the Fourth Bidding Round 1, called Cinturón Plegado Perdido (Perdido Fold Belt) in the Gulf of Mexico. This block covers an area of 1,687 square kilometers and is located in a water link between 500 and 1,800 meters.
It should be remembered that the consortium formed by Pemex, Chevron and Inpex, was the winning proposal by offering an additional royalty to the State of 7.0%.
The signing of the contract represents a historic event for being the first block awarded to Pemex in partnership during a competitive process following the Energy Reform approved in 2013.
Source: Secretaría de Energía / CNH
As part of its 2017 Annual Financing Program and its strategy to diversify funding sources, Petróleos Mexicanos placed 4,450 million euros in three international reference bonds at 4.5, 7 and 11 years in the international capital markets:
The operation recorded a demand of approximately 18 billion euros, equivalent to 4.2 times the amount allocated, with the participation of pension funds, portfolio managers and financial institutions in Europe, Asia and the Middle East, among others. The placement agents were BNP Paribas, Crédit Agricole, Deutsche Bank and HSBC.
Source: PEMEX
These are the Saltillo-Monterrey-Nuevo Laredo, Matehuala-Saltillo, Pyramids-Tulancingo-Pachuca and Texcoco-Zacatepec sections.
It guarantees the conservation of the highway infrastructure to 10 years.
They are added to two that competed in late 2016: Queretaro-San Luis Potosi and Coatzacoalcos-Villahermosa.
During this year, the Secretariat for Communications and Transport (SCT) will launch four road packages under the Public-Private Partnership (PPP) model, Saltillo-Monterrey-Nuevo Laredo, Matehuala-Saltillo, Pirámides-Tulancingo-Pachuca And Texcoco-Zacatepec.
The PPP program guarantees the preservation of these sections for 10 years and will speed up the communication of the regions with benefits in the production, distribution, supply and commercial profitability.
These projects are in addition to the ones that competed in late 2016, Queretaro-San Luis Potosi and Coatzacoalcos-Villahermosa.
Source: SCT
La dinámica del crédito no se verá afectada por el posible aumento de la volatilidad como consecuencia de los resultados de las elecciones en Estados Unidos, consideró Luis Robles Miaja, presidente de la Asociación de Bancos de México (ABM). El titular de la ABM aseguró que México está listo para enfrentar la volatilidad que pudiera generarse ante el eventual triunfo del candidato republicano Donald Trump, pues el país cuenta con solidez macroeconómica. `Existen mecanismos de contingencia para soportar la volatilidad, que además es un fenómeno transitorio, el país tiene fundamentales suficientes para soportar y todas las herramientas para que el Banco de México, la Comisión de Cambios y la Secretaría de Hacienda puedan evitar que la volatilidad tenga un efecto adverso en México`, precisó
