The Export-Import Bank of the United States (Ex-Im Bank) approved a US$60 million credit guarantee facility to back the purchase by Mexico's government-owned utility, Comision Federal de Electricidad (CFE), of equipment and services from a wide range of U.S. companies.
In addition to supporting CFE's annual capital requirements, the sales will help sustain thousands of U.S. jobs at companies large and small. CFE already anticipates purchases for the first half of 2004 will total approximately US$50 million from 20 U.S. suppliers. The utility expects to buy test and measurement equipment, turbine components and parts, control systems, fiber-optic cable, and other equipment.
The medium-term guaranteed line of credit from Credit Lyonnais Global Partners, New York, N.Y., covers a one-year period and is a renewal of an existing facility that CFE has had with Ex-Im Bank since 1995. The renewed facility is nearly triple the US$20.5 million level of the previous facility...
