BURLINGTON, Mass.--(BUSINESS WIRE)--InterGen announced today its decision to advance the sale of its business interests in Mexico. A formal sales process will be launched shortly.
InterGen is one of the largest independent power producers in Mexico with more than 2,200 megawatts in operation with six combined cycle gas turbine plants throughout the country. The portfolio includes a new 220 MW combined cycle plant, San Luis de la Paz, and a 155 MW wind farm with partner IEnova, Energia Sierra Juarez, which reached commercial operations in 2015. InterGen also owns and operates three compression stations and one 65-km gas pipeline in Mexico.
For more than 20 years, InterGen has been a leading investor and operator in Mexico helping to meet the growing energy needs in the country through the cleanest and most advanced technology and processes.
Bank of America Merrill Lynch and Barclays have been retained as joint financial advisors to oversee the process.
InterGen is a global power generation firm with 12 power plants in operation, representing a total generation capacity of 6,331 megawatts (5,378 net equity MW) and including a wind farm. In addition, InterGen operates three compression facilities and a 65-km gas pipeline. These facilities are located in the United Kingdom, The Netherlands, Mexico and Australia. InterGen is jointly owned by the Ontario Teachers’ Pension Plan and China Huaneng Group/Guangdong Yudean Group. For more information, visit www.InterGen.com.