{"id":5137,"date":"2013-04-17T16:18:20","date_gmt":"2013-04-17T20:18:20","guid":{"rendered":"https:\/\/systep.cl\/aes-gener-announces-financing-for-cochrane-power-plant\/"},"modified":"2013-04-17T16:18:20","modified_gmt":"2013-04-17T20:18:20","slug":"aes-gener-announces-financing-for-cochrane-power-plant","status":"publish","type":"post","link":"https:\/\/systep.cl\/en\/aes-gener-announces-financing-for-cochrane-power-plant\/","title":{"rendered":"Aes Gener announces financing for Cochrane power plant"},"content":{"rendered":"<p>The company will receive up to US$ 1 billion from financial institutions, a process in which Systep participated as market advisor to these institutions.<!--more--><\/p>\n<p>Source \/ <strong>La Tercera<\/strong><br \/>\n<a href=\"http:\/\/www.latercera.com\/noticia\/negocios\/2013\/03\/655-516076-9-aes-gener-anuncia-acuerdo-para-financiamiento-de-la-termoelectrica-cochrane.shtml\">http:\/\/www.latercera.com\/noticia\/negocios\/2013\/03\/655-516076-9-aes-gener-anuncia-acuerdo-para-financiamiento-de-la-termoelectrica-cochrane.shtml<\/a><\/p>\n<p style=\"text-align: justify;\">Aes Gener informed that its subsidiary Empresa El\u00e9ctrica Cochrane SpA signed a financing agreement for up to US$1 billion to develop the Cochrane thermoelectric project.<\/p>\n<p>The generating company specified through an essential fact to the Superintendencia de Valores y Seguros (SVS) that the financing &#8220;will be granted by a syndicate of international financial entities formed by the Japanese export credit agency of Japan and Korea&#8221; composed of Japan Bank for International Cooperation (JBIC), Nippon Export and InvestmenT Insurance (NEXI), Korea Trade Insurance Corporation (K-sure) and Korea Finance Corporation (KoFC) and the commercial banks Sumitomo Mitsui Banking Corporation (SMBC), MizuhoBank, Bank of Tokyo-Mitsubishi UFJ and HSBC.<\/p>\n<p><strong>Banco Estado will provide a US$55 million letter of credit to guarantee the project&#8217;s obligations<\/strong>.<\/p>\n<p>&#8220;<strong>This financing represents a major milestone in the development of the project and will allow work to begin on the project, which we estimate will take place in the next few days,&#8221;<\/strong> said Aes Gener.<\/p>\n<p>The Cochrane thermoelectric project is being carried out by Empresa El\u00e9ctrica Cochrane SpA, whose shareholders are Inversiones Nueva Ventanas (60%), a subsidiary of Aes Gnener, and Diamond Pacific Investment Limitada (40%), a subsidiary of Mitsubishi Corporation, and involves an investment of over US$ 1,350 million.<\/p>\n<p>The coal-fired thermoelectric power plant, to be located in the Mejillones Commune, Antofagasta Region, will contribute a total of 532 MW to the Norte Grande Central Interconnected System (SING) through its two units. It also contemplates a 220 KV transmission line, that is, 153 KM of extension.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Systep participated as market advisor to financial institutions for the project.<\/p>\n","protected":false},"author":11,"featured_media":4582,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[52],"tags":[],"class_list":["post-5137","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-noticias-en"],"_links":{"self":[{"href":"https:\/\/systep.cl\/en\/wp-json\/wp\/v2\/posts\/5137","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/systep.cl\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/systep.cl\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/systep.cl\/en\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/systep.cl\/en\/wp-json\/wp\/v2\/comments?post=5137"}],"version-history":[{"count":0,"href":"https:\/\/systep.cl\/en\/wp-json\/wp\/v2\/posts\/5137\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/systep.cl\/en\/wp-json\/wp\/v2\/media\/4582"}],"wp:attachment":[{"href":"https:\/\/systep.cl\/en\/wp-json\/wp\/v2\/media?parent=5137"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/systep.cl\/en\/wp-json\/wp\/v2\/categories?post=5137"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/systep.cl\/en\/wp-json\/wp\/v2\/tags?post=5137"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}