US finance team closes US$333.6m deal for hydroelectric power projects

Lawyers from Norton Rose Fulbright's São Paulo and Houston offices recently acted for JPMorgan and HSBC, as mandated lead arrangers and lenders, in a US$333.6m hydropower plant rehabilitation program deal, which was guaranteed by MIGA.

The program will repower and modernize seven existing hydropower plants owned and operated by Comisión Federal de Electricidad. The plants are located throughout Mexico, supporting the country's commitment to increasing renewable energy sources under the Clean and Renewables Electrical Projects Development Program and Transitional Energy Program.

The NRF team included José Cobeña, Daniel Spencer (São Paulo) and Denton Nichols (Houston), the JPMorgan team included Joan Tapia and José Cleves, and the HSBC team included Sam Lippitt and Marion Coppere.