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Comision Federal de Electricidad (CFE), Mexico’s state-owned electricity company, will purchase three gas-fired turbines and related equipment from Siemens Westinghouse Power Corp and other US companies with the assistance of a US$140.6mn long-term loan guarantee from US Ex-Im Bank.

Due to growing electricity demand in Mexico, CFE is purchasing the turbines and equipment to install at its 150MW power plant in San Lorenzo, Puebla, and its 300MW plant at Tuxpan, Veracruz, with a 12-year loan from Standard Chartered Bank of New York.

“Mexico is Ex-Im Bank’s number one market and the second largest US trading partner, and this transaction benefits US companies and workers, as well as Mexico’s people,” Ex-Im Bank chairman Philip Merrill says.

CFE, which was established in 1937, is Mexico’s second largest company and the largest utility in North America. It operates 500 generating units at 150 power plants throughout Mexico that generate 99% of the country’s electricity.

Siemens in the US will export the three turbines and three generator sets. The other US exporters and suppliers, which are providing electrical, ignition and fuel-supply systems and parts, are Metal Systems Inc; Koenig Engineering Inc; SMCI Inc,and Machining Services; Forney Corporation; Daniel Measurement Control; and GEA Power Cooling Systems.