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In 1996, faced with some of the world's biggest project finance deals in its Asian backyard, Jexim became one of the first export credit agencies to form a separate project finance unit. More recently,Jexim has expanded its reach to Latin America. It has also broadened the scope of projects it will finance to include not only projects that support Japanese exports but also those that involve Japanese investors. For example, Jexim lent $69.1 million of the $220 million raised by a consortium led by AES for a 484megawatt, gas-fired, combined-cycle power plant in the Yucatan region of Mexico. Although none of the plant's major components comes from Japan, trading company Nichimen owns a 25% interest.