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Export Development Canada (EDC) is providing US$36mn in financing for the sale of gas turbine generator equipment and related services by Siemens Westinghouse to the Comision Federal de Electricidad (CFE), Mexico’s state-owned power utility.

The loan will be used to buy gas turbine generator equipment and related services for the El Encino power plant in the state of Chihuahua and the El Sauz II power plant in Queretaro.

“This new financing builds on an already strong Canadian presence in the Mexican market and reinforces the close relationship that EDC maintains with the CFE,” says Marvin Hough, EDC’s regional director, Mexico and Central America, based in Mexico City