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The sale, which is accretive to earnings, included a 252 megawatt (MW) combined cycle gas and diesel fuel plant in Campeche, a 259 MW combined cycle gas plant in Chihuahua and all associated commercial arrangements. InterGen will retain all of TransAlta Mexico SA de CV's assets, ensuring continued delivery of power under long-term contract to the Comision Federal de Electricidad. Of the sale proceeds, TransAlta proposes to use up to CAD200m for share repurchase programmes under its normal course issuer bid, which expires on 5 May 2009. The remaining will be used within the business and to fund its renewable growth plan.
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