Overview

Bank of China Loaned $46.8 million to Helio Atacama Tres

Commitments (Constant USD, 2023)$48,962,084

Commitment Year•2015Country of Activity•ChileDirect Recipient Country of Incorporation•ChileSector•EnergyFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Jan 1, 2015

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Funding agencies

State-owned Commercial Banks

Bank of China (BOC)

Cofinancing agencies

Private Sector

Coöperatieve Rabobank U.A. (Rabobank)
DNB Bank ASA (formerly DnB NOR ASA)
N.M. Rothschild & Sons Limited

Receiving agencies

Private Sector

Helio Atacama Tres S.p.A.

Loan desecription

Bank of China contributes to USD 187.2 million syndicated loan to photovoltaic generation company Helio Atacama Tres

Interest type•Unknown

Narrative

Full Description

Project narrative

As part of a syndicated loan reported in the 2015 PFI Financial League Tables, the Bank of China loaned $46.8 million to Helio Atacama Tres, a Chilean photovoltaic generation company. Other banks involved in the loan according to the 2015 PFI Financial League Tables are DNB ASA (46.8 million USD), Rabobank (46.8 million USD) and Rothschild (46.8 million USD). The exact purpose of the loan is unknown.

Staff comments

It is difficult to find additional sources beyond the PFI Financial League Tables through searches in English and Spanish. Helio Atacama Tres SpA is a Santiago-based subsidiary of the Spanish company Ingenostrum according to online sources, but there are no details regarding this subsidiary available through the Ingenostrum website. This loan is reported in the 2015 PFI Financial League Tables, but it is unclear when the loan funds were committed so the Year Uncertain box has been checked.