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.
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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”.