Isagen Floats Ambitious Hydro RFP

Isagen Floats Ambitious Hydro RFP

Colombia

Colombian power generator Isagen is seeking bank participation for a $1.3bn syndicated loan to help finance an 800MW hydroelectric project at the Sogamoso river complex in the northern central part of the country. The Medellin-based state-owned entity is looking to hire a financial advisor for the deal. In an RFP issued over a week ago, the company apparently asked lenders to consider committing to a 2-stage financing: an initial $600m corporate holdco loan to allow it to begin construction whil

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