The ECGD is to back UK investment in the Termoelectrica Penoles petroleum coke fired power project at Tamuin, Mexico. A syndicate of banks led by ABN-Amro is obtaining ECGD insurance for a $120 million fully underwritten loan to finance the project in which Alstom UK has made a significant equity investment. The 230 MW circulating fluid bed plant will fire petroleum coke by-produced by local refineries.
