Three Bids Received For La Yesca

Three groups have presented bids to take part in Mexico’s tender for its hydroelectric plant La Yesca: one led by China’s Sino Hydro; another led by Mexican constructor ICA and a third headed up by Argentina’s Techint. A consortium comprising local company Ideal and Brazil’s Andrade Gutierrez failed to present an offer. More than 20 companies initially acquired the terms and conditions of the bidding process for the $840 million project, the most important hydroelectric construction project of the outgoing Fox administration. The winner will be announced October 27.