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Cheves Hydropower Project

Sector: Hydro • Location: Lima, Peru

Source: World Bank Group

Project
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On December 17, 2010 the 168MW Cheves run-of-river hydropower project reached financial closure through the signing of a US $70 million senior loan with the International Finance Corporation and a US $180 million IFC led syndication with joint lead arrangers WestLB, DnB Nor, Nordea and SG. The total project cost was estimated at US $253 million. Empresa de Generacion Electrica Cheves SA, the proje

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The project “Cheves Hydropower Project” is an infrastructure initiative in the Hydro sector, located in Lima, Peru. Taiyo aggregates data on it from World Bank Group.

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Description

Description

On December 17, 2010 the 168MW Cheves run-of-river hydropower project reached financial closure through the signing of a US $70 million senior loan with the International Finance Corporation and a US $180 million IFC led syndication with joint lead arrangers WestLB, DnB Nor, Nordea and SG. The total project cost was estimated at US $253 million. Empresa de Generacion Electrica Cheves SA, the project company, was 99% owned by SN Power [Norway]. Cheves SA had Power Purchase Agreements with eight electricity distribution companies for a period of 15 years starting in 2014.

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High

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Source

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