December 20, 2010
HydroChile on Friday closed a $120m, 14-year club loan through Banco Espiri
HydroChile on Friday closed a $120m, 14-year club loan through Banco Espirito Santo to help fund construction and operation of a $220m hydro plant. Credit Agricole, BES, BBVA and WestLB participated in the deal. HydroChile was founded in 2007 and develops run-of-river hydroelectric power projects with capacities ranging from 10MW to 50MW. Espirito Santo did not return calls for comment.