Several panelists at the Euromoney Seminars 11th Annual Latin American Energy & Infrastructure Finance Forum in Miami said that a big winner in the first Mexican power auction is likely to eschew project finance in favor of balance sheet funding, in an apparent allusion to Enel.

Do they not read PFR?

Enel requested project finance proposals for its Mexican projects last year (PFR, 8/2/16).

The Italian company is shifting to a build, operate and sell model, and adding leverage to the projects makes them more attractive to some buyers, someone who had flown in from Rome for the conference told PFR.

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