Colombia’s Termotasajero secures loan

This transaction is one of the most significant refinancing transactions in the energy sector in Colombia in the last year.

The funds obtained will enable Termotasajero's thermal generation plants, located in the municipality of San Cayetano, in Norte de Santander department, with an installed capacity of 345.2MW, to continue to be a strategic pillar for the reliability and security of the country's energy system.

The will benefit close to one million homes and generate direct and indirect jobs for approximately 6,000 people.

"This financing is a reflection of the shared vision between the private sector and Colombian banks to boost the country's development through projects that strengthen the energy matrix, making it more resilient and diversified,” Manuel Quinche, managing partner of Cuatrecasas' Bogotá office, which advised Termotasajero, said.

“We congratulate our client Termotasajero for continuing to provide solid and safe energy for Colombia," he added,

The Cuatrecasas team responsible for the advisory services was led by partners Manuel Quinche and Juan Carlos Puentes, with the collaboration of Catalina Herrera, Steffany Serebrenik, Valentina Aldana, Daniela Berumen, Juanita Calderón, Ana García de Silvestri, Angie Gómez, Verónica Hernández and Mariana Vanegas, from the firm’s finance area.

In addition, Jaime Moya, Alejandro Manrique and Rafael Marulanda, from the commercial and M&A practice also participated, along with Laura Pinzón from real estate, Manuel Gómez and Emilio Torres from the energy and infrastructure practice, and Jaime Vargas, Ariana Fernández, Nathalie Medina, Oswaldo Pacheco and Valentina Vélez from the corporate tax practice.