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STB Represents Empresa Eléctrica Guacolda S.A., in US$260,000,000 Project Financing

10.17.07

Simpson Thacher represented Empresa Eléctrica Guacolda S.A., a Chilean independent power company, in a US$260 Million financing of a 152 MW expansion of its existing 456 MW coal-fired steam turbine generating station in north-central Chile that provides electricity to the leading electric distribution company in Chile and to several mining companies. The financing closed on October 16, 2007. Guacolda is 50% owned by AES of the United States, and 25% each by Copec, Chile’s largest private sector company, and the Van Appen group of Chile.

The STB attorneys who worked on this financing include George Miller and Ash Tehrani.