Espirito Santo to finance energy projects in Mexico

(ADPnews) - Nov 17, 2010 - Portuguese bank Banco Espirito Santo (ELI:BES) plans to expand its presence in Mexico by financing local energy projects, the executive member of its board of directors, Jose Maria Espirito Santo Silva Ricciardi, said yesterday.
The bank, which focuses on the industries of power and steam cogeneration, infrastructure, renewable energy and oil, has already agreed to finance three local projects in these areas, he added.
Among the projects is the Eurus wind farm of Spanish infrastructure and renewable energy company Acciona (MCE:ANA) that will be built in the Isthmus of Tehuantepec, southeastern Mexico. Banco Espirito participated in a USD 375 million (EUR 277.4m) loan, extended to the project in June 2010.
(USD 1.0 = EUR 0.740)

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