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Enel Green Power Signs 110 Million Euro Loan with EKF for a Wind Farm in Chile - The agreement has been finalised with the Danish government’s Export Credit Agency (“EKF”). It is the third loan agreement between the two parties since October 2011 - Enel.com
Enel Green Power Signs 110 Million Euro Loan with EKF for a Wind Farm in Chile

 

PRZOOM - /newswire/ - Rome, Italy, 2012/11/20 - The agreement has been finalised with the Danish government’s Export Credit Agency (“EKF”). It is the third loan agreement between the two parties since October 2011 - Enel.com. IT0003128367

   
 
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Enel Green Power SpA (“EGP”), acting through its subsidiary Enel Green Power International BV (“EGPI”), has agreed a 12-year loan of 110 million euros with the Danish government’s Export Credit Agency (EKF) and Citigroup, the latter as agent and arranger. The loan is guaranteed by Enel Green Power.

The loan will be used to cover part of the investment in EGP’s “Talinay” wind farm in Chile. The plant has an installed capacity of around 90 MW.

The overall investment for the completion of the plant totals, approximately, 165 million US dollars.

EKF’s institutional role involves supporting Danish component manufacturers, to which EGP has turned for the construction and development of the plant.

The loan – the third granted to EGP by EKF since October 2011, for a total exposure of approximately 400 million euros – bears an interest rate in line with the market benchmark.

Enel Green Power’s (enel.com) development strategy relies on funding projects through cash flow generation, in combination with external funding only when the latter is long-term and competitively-priced as well as coming from reliable partners.

 
 
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Agency / Source: Enel Group

 
 

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Enel Green Power Signs 110 Million Euro Loan with EKF for a Wind Farm in Chile

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Enel Green Power |
Contact: Enel Group - Enel.com 
+39 06.8305.1 ufficiostampa[.]enel.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Enel Group securities in any jurisdiction including any other companies listed or named in this release.

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