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AES's Subsidiary, AES Gener, S.A. Raises Approximately US $1 Billion in Non-Recourse Financing for Angamos Project.

Publication: Business Wire
Publication Date: 23-OCT-08
Format: Online
Delivery: Immediate Online Access

Article Excerpt
ARLINGTON, Va. -- The AES Corporation (NYSE:AES) today announced that AES Gener, S.A., its 80% owned Chilean subsidiary and the second largest generator of electricity in Chile ("Gener"), filed a "Material Fact" with the Superintendencia de Valores y Seguros (Chilean securities regulatory authority). The Material Fact discloses that one of Gener's wholly-owned subsidiaries has closed a 17 year, non-recourse financing of approximately US $1 billion in connection with the development of the Angamos project, a 518 MW gross coal-fired greenfield facility located in Mejillones, II Region, Chile.

The non-recourse financing agreement was reached between Empresa Electrica Angamos...

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