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Iberdrola To Invest $365M In Mexico Plants

Iberdrola is planning to invest about $365 million in two Mexican power plants.

Iberdrola is planning to invest about $365 million in two Mexican power plants, The Wall Street Journal reports. The investments will be made along with state-owned electricity company, Comision Federal de Electricidad (CFE).

A 20-megawatt wind farm in Oaxaca and a new cogeneration plant in Salamanca will receive the funds. The Spanish electricity company built a wind farm in Oaxaca in 2009.

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