Monday, 9 April 2018

GE provides $150m project finance for OCGT in Chile

Los Guindos open-cycle power plant in central Chile. Los Guindos open-cycle power plant in central Chile.

GE Energy Financial Services, part of GE Capital, has helped secure a $150 million debt facility to refinance and expand the Los Guindos open-cycle power plant to approximately 275-MW, nearly double its current capacity of 139-MW. Located in central Chile, GE owns 75% in the OCGT since 2016 when it partnered with The Ingelec Group, the plant’s local co-owner and operator.

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