• First quasi-independent power producer (IPP) venture in Mexico, paving the way
for future IPPs.
• First private-sector financing for the Inter-American Development Bank (IDB).
• Build-lease-transfer (BLT) project structure.
• Hybrid between project financing and structured on-balance-sheet financing, with
equity holders earning equity rate of return during construction phase and subordi-
nated-debt rate of return during lease phase.
• Trust structure developed to provide lenders with protection not available with leas-
es under then-current Mexican law.
• Political risk coverage from the Export-Import Bank of the United States (US
Eximbank) and the IDB.
• Contract documents in Spanish, governed by Mexican law; financing documents in
English, governed by New York law.