ACS funds Peru hydro plant

ACS funds Peru hydro plant

Structured Finance Peru Loans Project & Infrastructure Finance

Spain’s ACS has received $45m in long-term financing for a new hydroelectric plant in the region of Junin, Peru, LatinFinance has confirmed. Peru’s development bank Cofide provided the 15-year loan through the local commercial bank BCP. Cofide and BCP previously supplied a $33m loan through a cofinancing agreement in October last year. Grupo Cobra, a holding company owned by ACS, will use the proceeds to pay back the October loan and finish construction on the 19.9 MW RenovAndes H1 plant. The

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