TransAlta, Canada's largest unregulated generation concern, has hired Bank of America to arrange $150 million in project financing for the construction of a 259 MW gas-fired facility in Chihuahua, Mexico. A New York financier familiar with the matter says that since the non-recourse deal is at a preliminary stage, the details of the transaction have yet to be determined. Bankers at BofA and officials at Calgary, Alberta-based TransAlta did not return phone calls.
March 17, 2002