Morales & Besa advises Banco Security for financing of Central Hidroeléctrica El Pinar

August 4, 2016

Morales & Besa successfully advised Banco Security regarding the financing granted to related companies Empresa Eléctrica El Pinar SpA and Transmisora Continental Bío Bío SpA (both indirectly owned by Compañía de Seguros de Vida Consorcio Nacional de Seguros S.A.  and companies controlled by Mr. Pedro Matthei), for the construction, operation and development of a 11,5 MW-hydroelectric plant “Central Hidroeléctrica El Pinar”, and for the construction and operation of a 66 KV transmission line, that will connect the plant to the SIC.

The project will use the water of the Cholguán River, located in Yungay, Bío Bío Region. The transaction was for approximately US$ 31 000 000.

The team Morales & Besa was led by partner Carlos Silva V. with associates Nicolás Zegers, Pedro Pablo Valenzuela, Nicole Ubal and Diego Muñoz.