Engie signs BNDES loans

Engie signs BNDES loans

Project & Infrastructure Finance Loans Debt Electricity Renewable Wind Brazil Europe Coronavirus

Engie Brasil Energia, the Brazilian subsidiary of the French electric utility company Engie, said it signed two loans for BRL2.72 billion ($488 million) from the national development bank BNDES to erect transmission lines and build a wind power project. Engie took out a 20.5-year loan for BRL1.48 billion to cover 80% of the project costs for the Gralha Azul transmission system in the state of Paran√° and also got BRL1.24 billion in 18.3-year money for the second phase of the Campo Largo wind powe

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