Estudio Echecopar, member firm of Baker Mckenzie International, advised the lenders (SMBC, BBVA, Bank of China, Intesa, Natixis) in an equity bridge loan of USD 345 million granted to Consorcio Eléctrico Yapay S.A. (ISA group), and guaranteed by Consorcio Transmantaro, to finance the construction of "TOCE-CEPI" transmission projects, comprising "Enlace 500 kV Huánuco - Tocache - Celendín - Trujillo" and "Enlace 500 kV Celendín - Piura".
The execution of these projects will allow the delivery of clean energy from the wind power projects located in Talara, Piura and Cajamarca, as well as the strengthening of the National Interconnected Electricity System in case of possible shortages due to emergencies. These new lines represent the largest investment in energy transmission awarded by ProInversión.
Partners Juan Carlos de los Heros and Ines Vazquez, and associates Adrian Tovar, Claudia Cruces and Jorge Chiang advised the lenders throughout the process.