Hydroelectric power plant in Colombia secures financing

Colombian state power generator Isagen has secured a $73 million credit facility for its 820 MW Sogamoso hydroelectric plant, according to BNamericas.

Banco Santander (NYSE: SAN) is providing the credit along with a guarantee from France-based Euler Hermes, the article said. The funding will finance the dam’s turbines being built by Andritz Hydro.

The project is expected to come online in 2014.

Read more Latin America hydro news

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