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Colombia's EPM borrows $1 billion for huge hydro plant

Monday, January 8, 2018

To fund what it called “the largest hydropower project” in Colombia, the Inter-American Development Bank has signed a $1 billion loan for Empresas Públicas de Medellín (EPM).

The financing, characterized as a “senior unsecured A/B loan package,” will be coordinated through the development bank’s Invest arm and allow EPM to build a 2,400-megawatt hydropower plant in northern Antioquia.

Source: Finance Colombia