General Announcement::IENOVA EXECUTES CONTRACTS FOR REFINED PRODUCT STORAGE TERMINALS IN MANZANILLO AND GUADALAJARA

Issuer & Securities

Issuer/ Manager
INFRAESTRUCTURA ENERGETICA NOVA, S.A.B. DE C.V.
Securities
INFRAESTRUS$540M4.875%N480114A - US456829AB67 - 8DTB
INFRAESTRUS$540M4.875%N480114R - USP56145AB40 - 8DUB
INFRAESTR US$300M3.75%N280114A - US456829AA84 - 8DWB
INFRAESTR US$300M3.75%N280114R - USP56145AA66 - 8DXB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
30-Apr-2019 19:39:13
Status
New
Announcement Sub Title
IENOVA EXECUTES CONTRACTS FOR REFINED PRODUCT STORAGE TERMINALS IN MANZANILLO AND GUADALAJARA
Announcement Reference
SG190430OTHROLVM
Submitted By (Co./ Ind. Name)
Luis Perez
Designation
Financial Reporting
Description (Please provide a detailed description of the event in the box below)
IENOVA EXECUTES CONTRACTS FOR REFINED PRODUCT STORAGE TERMINALS IN MANZANILLO AND GUADALAJARA


TP Terminals, S. de R.L. de C.V., a joint venture between IEnova and Trafigura -controlled by IEnova- signs 740,000 barrels of storage in the Manzanillo terminal with major international integrated oil company.
IEnova also signs 290,000 barrels of storage with the same company in a new terminal in Guadalajara.

Mexico City, April 30, 2019 IEnova announces the execution of two long-term contracts for the receipt, storage, and delivery of refined products in terminals that IEnova is developing in Manzanillo, Colima, and Guadalajara, Jalisco.

The terminal in Manzanillo, in which IEnova holds a 51% stake in a joint venture with Trafigura, has secured 1.48 million barrels of storage, including the 740,000 barrels previously agreed with Trafigura. In Manzanillo, the development of a marine terminal to receive refined products by ship, store and deliver them by rail and truck is planned.

In the Guadalajara terminal, IEnova executed an agreement with the same company that enables the storage of up to 290,000 barrels of gasoline and diesel in a new terminal that will be able to receive refined products by rail, store and deliver them by truck. The total capacity will be defined once additional commercial agreements with prospective customers have been completed.

These two terminals will enhance supply options, improve logistics, and increase fuel delivery reliability in the central west region of Mexico, which will translate into benefits for consumers in the region.

Subject to executing certain agreements, this global integrated oil company will have the option to acquire up to 20% of the equity of the Manzanillo project and up to 25% of the equity in the Guadalajara project; in each case, IEnova will always hold at least 51% of the equity of each project.


IEnova, through its affiliates, will be responsible for all aspects of implementing each of these two projects, including permitting, engineering, procurement, construction, financing, operations, and maintenance of the terminal. With these two projects, IEnova now has seven refined product terminal storage projects under development in the country, which is consistent with its commitment to position itself as a leader in the refined product transportation and storage segment, as well as to contribute to the development of infrastructure and energy security in Mexico.

About IEnova
IEnova, a Sempra Energy Company, develops, constructs y operates energy infrastructure in Mexico. With more than 1,000 employees and approximately $8.2 billion dollars invested in the country, IEnova s portfolio includes various business lines across the Mexican energy value chain. IEnova is the first energy infrastructure company to be listed on the Mexican Stock Exchange, and it is the only energy company that is included on the IPC Sustainability Index.

Attachments

Manzanillo and Guadalajara terminals.pdf
Total size =164K