January 5, 2018 |
IDB Invest has signed a $1bn A/B loan for Empresas Publicas de Medellin (EPM), which the Colombian unit will use for the 2.4 GW Ituango hydroelectric power plant.
According to a statement from the multilateral, EPM will receive a 12-year $350m A portion and a 12.75-year $650m B tranche.
The A loan features $300m from IDB Invest's own coffers, while $50m comes from the China Fund for Co-Financing in Latin America and the Caribbean.
Canadian pension fund CDPQ and German development lender KfW IPEX
Colombian public utility gets $1bn from IDB Invest, KfW, CDPQ and a host of commercial lenders