Infraestructura Energetica Nova SAB de CV (IEnova) <IENOVA.MX>: Said on Thursday, has recently obtained information related to the sale of its energy plant Termoelectrica de Mexicali indicating that the market value of the plant may be lower than its book value .As a result, resolved to adjust book value of the plant as of Sept. by between $50-90 million after taxes.
Infraestructura Energetica Nova SA de CV:S&P affirms rating on Infraestructura Energetica Nova SA de CV at mxAAA.Outlook is stable.
Infraestructura Energetica Nova SA de CV:Mexico's competition watchdog on Friday said it objected to a deal for Mexican energy infrastructure firm IEnova IENOVA.MX to buy out state-run oil company Pemex's PEMX.UL stake in pipeline company Gasoductos de Chihuahua - RTRS.The Federal Economic Competition Commission (COFECE) said in a statement that Pemex had not sold its stake in a liquefied petroleum gas pipeline and the San Fernando natural gas pipeline, which had been required by a previous anti-trust agency that COFECE has replaced. - RTRS.Both IEnova, a unit of U.S.-based Sempra Energy SRE.N, and Pemex said in statements that they would restructure the deal to meet the requirements and that IEnova could acquire Pemex's stake in Gasoductos de Chihuahua, excluding the assets signaled by COFECE - RTRS.IEnova said in July that it would buy Pemex's 50 percent stake in Gasoductos de Chihuahua for $1.325 billion - RTRS.
Infraestructura Energetica Nova SA de CV:Opens new current account credit line with its creditors Banco Santander (Mexico), S.A., Institucionde Banca Multiple, Grupo Financiero Santander Mexico, The Bank of Tokyo - Mitsubishi UFJ, LTD., The Bank of Nova Scotia and Sumitomo Mitsui Banking Corporation for up to $400 million.Loan is to be used to repay and cancel previous loans with Banco Santander (Mexico) SA, Institucion de Banca Multiple y Sumitomo Mitsui Banking Corporation, as well to finance working capital and current corporate needs.Loan has maturity of five years.
Infraestructura Energetica Nova SA de CV:Says that through its subsidiary, Gasoducto de Aguaprieta S de RL de CV, it signed contract for natural gas transport services for section Ojinaga- El Encino, Chihuahua, with Federal Electricity Commission (CFE).Contract is valid 25 years.IEnova, through its subsidiary, will be responsible for development, construction and operation of pipeline of 42 inches, with area of about 205 km, which will begin operations during the first half of 2017.
Infraestructura Energetica Nova SA de CV:Says on Aug. 25 it reached credit agreement with Sumitomo Mitsui Banking Corporation for $100 million.Maturity is three years as of date of the agreement.
Infraestructura Energetica Nova SA de CV:Declares dividend of $164,000,000, equivalent to $0.142111452 per share.Dividend to be paid as of July 31.
Infraestructura Energetica Nova SA de CV:Says on April 18 it signed agreement, through subsidiary Controladora Sierra Juarez S de RL de CV, with InterGen to sell 50 percent stake in Energia Sierra Juarez S de RL de CV.Energia Sierra Juarez is responsible for development of first stage of wind power generation project Energia Sierra Juarez.Development of first phase of project will require investment of about $300 million and will generate 155 MW of wind power through 47 Vestas turbines of 3.3 MW each.Project to initiate operations in first half of 2015.
Infraestructura Energetica Nova SA de CV:On March 12 entered into agreement, through subsidiary of its affiliate Gasoductos de Chihuahua, with TAG Pipelines to set forth terms to jointly operate TAG Norte S de RL de CV.TAG Norte to develop project known as Ramones Norte.Project consists of gas pipeline of 441 km and two compression stations, between municipality of Los Ramones, in state of Nuevo Leon and San Luis Potosi.Investment of about $1,000 million.TAG Norte on March 12 entered into integrated natural gas transportation services agreement with PGPB, with respect to the entire capacity of the TAG Norte system.Term of 25 years starting from commercial operation date, scheduled for the fourth quarter of 2015.
Infraestructura Energetica Nova SAB de CV announced a dividend payment for fiscal year 2012 in the amount of USD 117,000,000, at a value of USD 0.101384 per share, effective on October 16, 2013.