We are providing advice to Ergon Perú, a subsidiary of Tozzi Renewable Energy, in connection with the installation and maintenance of autonomous photovoltaic panels in areas not reached by the interconnected electricity network of Peru. This is the first of its kind project to be developed in Peru. We are also providing advice to Ergon in the negotiation of an amendment to the Investment Agreements signed with the Ministry of Energy and Mines for bankability purposes and in the negotiation of a medium-term loan to be granted by two international banks that will allow the company to obtain long term financing for the development of the project. Also, our firm is providing advice to Ergon in connection with the security package, which involves the structuring and negotiation of a trust estate that will collect Ergon's remuneration.
Matter value: US$ 430 million to be paid from FISE / FOSE during the 15-year term of the investment agreement.
Ergon Perú (Tozzi Renewable Energy)
Authors:
JTG
Javier Tovar Gil
RB
Rafael Berckholtz
HIGHLIGHT2 August 2018