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| Cemex to provide expertise for projects to be developed by the Clean Energy Fund Mexico's top cement maker Cemex announced that it will participate in a Clean Energy Fund that is expected to raise approximately U.S.$300 million through a public offer of Certificados de Capital de Desarrollo (CKDs, or Capital Development Certificates) in the Bolsa Mexicana de Valores (Mexican stock exchange) which proceeds will be invested in a series of clean energy projects in Mexico. Cemex will provide its industry-leading technical expertise in clean energy generation to all of the fund's projects. Cemex's participation in the Clean Energy Fund will be limited to the management and advisory activities under the guidance of a technical committee and the certificate holders meeting of the projects authorized by the fund, not exercising control, and limiting its participation to a minority equity stake not exceeding 10% in the sponsored projects. Therefore, neither the fund nor the sponsored projects will be consolidated into the Cemex balance sheet. write your comments about the article :: © 2012 Construction News :: home page |