December 7, 2018 |
YPF Luz, the electricity unit of Argentina's state-owned oil company YPF, has secured a three-year, $75m loan from the Panamanian export finance bank Bladex and the Chinese lender ICBC, said a source close to the deal.
The company will use some of the proceeds to fund construction of the 122 MW Los Teros wind farm in the province of Buenos Aires, the source said.
YPF Luz started construction on the $144m project in November. Los Teros will be the company's fourth wind farm in Argentina and will
Argentine oil company's electricity division secures $75m in three-year financing from Bladex and ICBC, source says