Banco de Bogotá, in alliance with Banco Popular, has signed a syndicated credit contract for a total amount of $80,000 million for the refinancing of the PCH Doña Teresa projecta hydroelectric plant located in Segovia, Antioquia.
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The financing includes a participation of $40,000 million by Banco de Bogotá, with a term of 10 years. The loan will allow the refinancing of the existing debt used in the construction of the hydroelectric plant, thus guaranteeing the financial sustainability of the project. For the closing of the operation, we have the advice of Corficolombiana, Banca de Inversión Aval.
“At Banco de Bogotá we firmly believe in the transformative power of sustainability. By supporting projects like PCH Doña Teresa, we not only contribute to the economic development of the country, but we also reaffirm our commitment to the generation of clean energy and the reduction of carbon footprint. This alliance is not just financing, it is an investment in a greener future and in the well-being of our communities,” said Rafael Arango Calle, vice president of Business Banking and Official of Banco de Bogotá.
The PCH Doña Teresa project has a net installed capacity of 8.5 MW and produces 44.6 GWh of renewable energy annually, which is equivalent to the approximate monthly consumption of 23,631 Colombian homes. The plant is equipped with a water-based diversion and collection structure, in addition to having an upper tunnel and a lower tunnel that ensure optimal operation of the pressure pipeline. After transferring its mechanical energy to the turbine, the water is returned to the natural channel of the Doña Teresa stream.
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The energy generated by the plant represents 61% of Aris Mining Segovia’s energy consumption, and thanks to this self-generation project, the impact has been reduced by 5,000 tons of CO2 per year, equivalent to 82,675 tree seedlings grown over 10 years.
For the closing of the operation, advice was provided by Banca de Inversión Aval Corficolombiana.
Banco de Bogotá will continue to work together with its allies to promote solutions that benefit both the economy and the environment, thus strengthening the well-being of the country.
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