March 26, 2019 |
Australia's Pacific Hydro and Norway's Stakraft have secured a 10-year, $171m loan to pay off debt from the La Higuera hydroelectric power plant in Chile, LatinFinance has heard.
The club deal involved Bank of China, DNB, Natixis and SMBC, said a source involved in the deal.
Pacific Hydro and Statkraft will use the money to pay back the $300m loan they took for La Higuera in April 2011, the source said.
The Australian renewable energy company and the Norwegian hydropower company each own 50%
Australian and Norwegian companies get a 10-year, $171m loan to pay off a facility from 2011