Exclusive: Peruvian Hydro Developer Skopes For Financing For 372 MW Project
A Peruvian hydro developer has begun bank discussions to secure debt financing to support construction of a 372 megawatts project.
Kallpa Generación, a Lima-based power generation developer, has been approaching project finance banks to finance the construction of a hydro project that could roughly cost up to $360 million to develop, G.E.R. has learned.
The project, dubbed Cerro del Águila, is located in the country’s Huancavelica region, southwest of Lima.
Société Générale, which just last month participated in the $250 million financing supporting the construction of a 168 megawatts Peru-based hydro project, is reportedly looking at the deal.
Officials at SG declined comments. We have emailed Kallpa and will post comments when we get them.
Kallpa is controlled by a subsidiary of Israeli holding company Israel Corp.
Photo: grendelkhan, Flickr