STB Represents Transchile Charrúa Transmisión S.A. in US$51,000,000 Project Financing
11.05.07
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Simpson Thacher represented Transchile Charrúa Transmisión S.A., a Chilean electric transmission company, in a US$51 Million financing of a 205 kilometer high-tension transmission line between the Charrúa and Nueva Temuco substations on Chile's Central Interconnected System. The new line will be operated for Nueva Transelec S.A. The financing, which was provided by the Inter-American Development Bank and Santander Central Hispano S.A., closed on October 31, 2007. Transchile is owned 51% by Companhia Técnica de Energharia Eléctrica and 49% by Companhia Energética de Minas Gerais-CEMIG.
The STB attorneys who worked on this financing include George Miller, Jose Antonio Gaspar, Grenfel Calheiros and Juan Cristobal Schmidt.