Gás Natural Açu draws loan

Gás Natural Açu draws loan

Loans Project & Infrastructure Finance Debt Structured Finance Energy Gas Brazil US

Brazil's Gás Natural Açu has drawn down on $750m in project financing to build a 1.34 GW power project, said EIG Global Energy Partners, the controlling shareholder in Prumo Logística, one of the joint venture's partners. Gás Natural Açu, a joint venture with Prumo, BP and Siemens, secured a BRL1.76bn ($433m) loan from the national development bank BNDES in January with backing from German development and export finance bank KfW IPEX-Bank and insurance provider Euler Hemer Aktiengesellschaft. I

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