Mexico & Central American Govts Seek IDB Financing for Integration Project

Governments in Mexico and Central America plan to ask for financial support from the Inter-American Development Bank (IDB) to build key infrastructure for regional energy sector integration, a Mexican energy ministry spokesperson told BNamericas. The official declined to disclose the amount of funds sought from the IDB. Mexico's energy minister Fernando Canales attended a meeting of the Central American integration association (SICA by its Spanish initials) in Nicaragua last Friday on behalf of President Vicente Fox, a ministry statement said. Canales presented Mexico's proposals for energy integration including the construction of a heavy crude oil refinery and an electric power generation plant that would use petcoke produced by the refinery. Mexico also aims to build a pipeline to transport natural gas to Central America from liquefied natural gas (LNG) re-gasification projects in Mexico, the statement said. Mexico's state oil firm Pemex also plans to distribute fuel through service station franchises in Central America. In addition, Mexico could build a 400kV, 100km transmission line, which will interconnect its electric power grid with Central America's electricity market, the statement said.

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