Chile AES Gener in loan deal of up to $1 bln for power project

SANTIAGO, March 28 Thu Mar 28, 2013 8:48am EDT

Related Topics

SANTIAGO, March 28 (Reuters) - Chilean energy company AES Gener signed an agreement on Thursday with a syndicate of international banks to take on a loan of up to $1.0 billion to develop its Cochrane coal-fired power project.

The 532 megawatt, $1.350 billion project will be built in the mining-rich, power-hungry region of Antofagasta.

Cochrane is 60 percent owned by a subsidiary of AES Gener , with the remainder in the hands of a unit of Japan's Mitsubishi Corp.

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

Find your dream retirement town

Florida? Hawaii? Reuters has teamed up with Zillow to give you the power to customize a list of your best places to retire.  Video | Full Article