This credit facility sets an important milestone to Pampa since it is the first loan by a multilateral institution granted to an awarded project within RenovAR tenders. Moreover, the loan offers a tenor of 9 years door-to-door, a term unprecedented in Argentina, and it is secured by Pampa with a personal guarantee.
The net proceeds from this facility will be allocated to build, operate and maintain Corti Project located in Bahía Blanca, province of Buenos Aires, consisting in the installation of Dane Vestas 100 MW capacity wind mills, which commissioning is scheduled on the second quarter of 2018.
The Corti Project contributes to increase and diversify Argentina's energy matrix, as well as the supply of clean energy avoiding approximately 213 thousand tons of CO2 emissions per year during project life.
For further information, contact:
Gustavo Mariani - Vice-President Ricardo Torres - Vice-President Mariano Batistella -Planning, Strategy and Affiliates Executive Director Lida Wang - Investor Relations OfficerMaipú 1, (C1084ABA), Buenos Aires, Argentina Phone: +54 (11) 4344 6000
http://www.pampaenergia.com/ir investor@pampaenergia.com
Pampa Energia SA published this content on 20 October 2017 and is solely responsible for the information contained herein.
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