Pescadero-Ituango 2400MW hydroelectric power plant

Overview:

• Pescadero-Ituango 2400MW hydroelectric power plant
• Medellin Public Companies (EPM) has obtained $111.4 million for the development of the Pescadero-Ituango 2400MW hydroelectric power plant, also known as Hidroituango.
• The loan was provided by the Brazilian National Economic and Social Development Bank (BNDES).
• Located in the Colombian jurisdiction of Antioquia, Hidroituango will be the largest hydroelectric plant in Colombia.
• This was the first long-term financing given by BNDES to a public Colombian company.
• The proceeds will be used to purchase necessary machinery from Alstom Energias Renováveis.
• The plant is expected to be operating by 2018.
• BNDES was represented by in-house counsel.

Kurt Stumpo - Journalist