Ancash Hydro Power Plant

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The project envisages the design, construction, financing and operation of a small hydroelectric plant with a capacity of 19.8 MW, located at Manta River in the region of Ancash. Project is being led by the special purpose vehicle - Peruana de Inversiones en Energias Renovables S.A.C. Cobra Instalaciones y Servicios and Global Infrastructure Partners are the sponsors and hold 51% and 49%, respectively. The role of the latter is of an institutional investor since it is an infrastructure investment fund. The project was awarded a concession for the design, development, financing, construction, operation and maintenance and a 20-year PPA by the Ministry of Energy and Mines under the license scheme modality. Total investment cost is estimated at $65.5 million and is being funded through debt and equity, $51 million and $14.5 million, respectively. Loan was solely provided by Natixis bank. A subsidiary of Cobra Instalaciones y Servicios, Cobra Infraestructuras Hidrualicas Peru will provide a turnkey construction of the power plant as well as the services of operation and maintenance. Financial closure was achieved on December 7, 2017. Commercial operations are expected in September 2019. https://ijglobal.com/data/transaction/40117/ancash-hydro-power-plant-1978mw-ppp Based on bank submission Global Infrastructure Partners to be added to sponsors' list