September 1, 2014
The Peruvian power sector saw a number of financial innovations over the period of these awards. Eten’s $132.8 million bond, which allowed the project to secure 20-year financing, and the $432 million bond for the ATS transmission line, a greenfield project, also deserve mention.
The deal for the Empresa de Generación Huallaga hydroelectric plant, however, stood out as one of the biggest project finance deals ever closed in Peru. The 406-megawatt project, dubbed Chaglla, will be one of Peru’s biggest electricity generators. It has an estimated total project cost of about $1.2 billion, and received $774 million in loans, with tenors of 17.5 and 18.5 years.
The financing was particularly no
One of Peru’s largest-ever project financings broke ground in bringing together different developments banks