Financial close achieved for USD204 million Transmission project in Uruguay
IDB Invest, a member of the IDB Group, is providing US$87 million worth of financing for Uruguay’s Financial Trust for the closing of the 500 kV Transmission Ring (Tacuarembó-Salto) project.
The project involves the design, construction, operation, and maintenance of a 365-kilometer-long transmission line at a 500 kV voltage, which will interconnect the substations at the Departments of Tacuarembó and Salto. In addition, as part of the planned works, the Chamberlain substation will be built and the Salto substation will be reinforced. The project complements the 500 kV Melo - Tacuarembó transmission line, another operation also financed by IDB Invest.
The project, with a total cost of US$204 million, is financed by a US$67.6 million IDB Invest loan and a US$20 million mobilization from donor funds managed by IDB Invest. The financial plan will be completed with capital contributions from the sponsor, the National Administration of Power Plants and Electric Transmission (UTE), and a local bond issue.
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January 09, 2019
Enel Green Power divests Uruguayan subsidiary to Atlantica Yield
Enel Green Power S.p.A. (EGP) has announced that it has closed the sale of its fully-owned subsidiary Enel Green Power Uruguay S.A. to Atlantica Yield for around US$120 million.
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February 02, 2018
Invenergy refinance solar project in Uruguay with project bond
Invenergy has announced that its La Jacinta Solar project, located in the Salto Department of Uruguay, issued a 24.5-year investment-grade rated project bond for approximately US$64.75 million in the U.S. Private Placement Market. The bond was rated Baa3 by Moody’s.
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August 30, 2017
Cubico completes refinancing of Uruguayan Wind Farm
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August 16, 2017
Invenergy Issues Bonds for Campo Palomas Wind Farm in Uruguay
Invenergy has announced that its 70 MW Campo Palomas wind project, located in the Salto Department of Uruguay, issued investment-grade rated project bonds (Baa3 / Moody’s) for approximately US$135.8 million in the US Private Placement Market.
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June 01, 2017
IIC finances the Valentines Wind Farm in Uruguay
The Inter-American Investment Corporation (IIC), acting on behalf of the Inter-American Development Bank (IDB) Group, has disbursed a US$120 million financing package to Areaflin, S.A. to support the construction, operation, and maintenance of the Valentines Wind Farm in Uruguay.
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