Gatun

Telfers CCGT - TL

Borrower (s)
Gatun
Industry
Power/Gas-fired combined cycle
Area of finance
Project & Infrastructure Finance
Region
Latin America
Countries
Panama

Deal Overview

Senior financing of an approximately 670 megawatt combined cycle natural gas-fired power plant, together with all interconnections and certain associated infrastructure, to be sited on Telfers Island, Panama, with AES Panama and InterEnergy as Sponsors. The Project has three 20-year PPAs with...

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Senior financing of an approximately 670 megawatt combined cycle natural gas-fired power plant, together with all interconnections and certain associated infrastructure, to be sited on Telfers Island, Panama, with AES Panama and InterEnergy as Sponsors. The Project has three 20-year PPAs with Panamanian distribution companies Distco’s and an LNG fuel supply agreement with Total.     

Paul Hasting's work on the matter has included the drafting and negotiation of the senior financing term sheet, as well as the drafting of the credit agreement and proposed account structure, and a bankability review of all the project arrangements including the PPAs, the LNG terminal user agreement and operations coordination agreement in connection with AES LNG terminal facility, the LNG supply agreement, the operation and maintenance arrangements and long term services agreements.

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Deal Volume
$ 740m
Financial Close
01 December 2021
Sources
Submitted by participant(s)

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Projects

Telfers CCGT

Greenfield
Gas-fired combined cycle
Latin America
Panama
$ 940m