Madeira Group Plots Loans, IPO for Hydro Project

Madeira Group Plots Loans, IPO for Hydro Project

Brazil

Madeira Energia (MESA), the consortium that Monday won a 30-year concession to build and operate a hydroelectric dam on the Rio Madeira in the Amazon, will seek around BRL7bn in loans from the BNDES in the coming months, Felipe Jens, head of project and export finance at consortium leader Odebrecht Investimentos em Infraestrutura, tells LatinFinance. The loan will finance 70% of the BRL10bn construction. It will pay over TJLP, which is today at 6.25%, plus a 50bp BNDES fee. The project risk spre

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