We operate through four global businesses: Infrastructure; Nuclear, Security Environmental; Oil, Gas Chemicals; and Mining Metals. Our company and our culture are built on more than a century of leadership and a relentless adherence to our values, the core of which are safety, quality, ethics, and integrity. The U.S. Export-Import Bank provided political risk insurance. Samalayuca II will supply power for Ciudad Juarez, a city of one million residents and more than 300 factories. The facility will supply much needed power to one of Mexico's fastest growing regions. The capital structure of Samalayuca was approximately 80 debt provided by Citibank during construction, and the U.S. Export-Import Bank and Inter-American Development Bank (IDB) during the concession period. The project was the first of its kind as its development team worked with CFE counterparts and SHCP on the historical Mexican transaction. Together with our customers, we deliver landmark projects that foster long-term progress and economic growth. Since 1898, weve completed more than 25,000 extraordinary projects across 160 countries on all seven continents. The proposed 600 MW plant was structured as Build, Lease, and Transfer (BLT) with the CFE. The CFE was responsible for providing natural gas to the plant. Samalayuca II reached financial close in May 1996 and began commercial operations in late 1998 when the project commenced a 20-year concession with the CFE.
The first private power project in Mexico 600 MW combined-cycle power plant located 42 km south of Ciudad Juarez in Chihuahua, Mexico. The plant used three GE STAG 107FA gas turbines and would serve the population of Juarez (1 million inhabitants) and over 300 industrial companies.