La Parota, a 900-MW and $900 million hydroelectric plant in the Mexican state of Guerrero, is achievable if concerns over its social and environmental impact are dealt with properly, wire services reported.
The executive director of German bank WestLB's Global Energy Group told Business News Americas the hydro project has been delayed as a result of legal action taken by local communities trying to halt the project.
The project is being developed by the Mexican state power company CFE.
Previously, WestLB provided the funding for the construction of the 750-MW El Cajon hydroelectric plant and the 750-MW La Yesca hydropower facility.
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