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Article: Chase Global Power & Environmental completes $114 million in limited recourse financing for construction of combined-cycle power plant in Colombia.
- Article from:
- Business Wire
- Article date:
- October 10, 1996
CopyrightCOPYRIGHT 1996 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK--(BUSINESS WIRE)--October 10, 1996--Chase Manhattan Bank's Global Power & Environmental Group today announced that it has completed financing for Termovalle, a 199 megawatt (MW) combined-cycle gas-fired electric power plant in Cali, Colombia.
Chase has been advisor to KMR Power Corp., on this project since 1994. KMR was awarded the US$150 million Termovalle project in 1995 by Empresa de Energia del Pacifico S.A.E.S.P. (EPSA), a Colombian utility formerly part of Corporacion Autonoma Regional del Cauca (CVC). Chase was also the arranger and lead underwriter of US$114 million in limited recourse financing for the plant's construction. Fuji Bank ...