Milbank LLP represented the lenders in connection with the financing of the acquisition of 100% of the shares of Zona Franca Celsia S.A. E.S.P., the owner of the 610 MW Termoflores power plant in Barranquilla, one of the largest gas-fired backup power plants in Colombia. The plant’s buyers are Prime Energía Colombia S.A.S. and Prime Colombia Barranquilla S.A.S., subsidiaries of EnfraGen, LLC, which is a subsidiary of Glenfarne Group.
The Milbank team was led by Dan Bartfeld, head of Milbank’s Global Project, Energy and Infrastructure Finance Group and co-head of the firm’s Latin America Group, with partner Jaime Ramirez and associates Jeeseon Ahn and Rocío Portela-Berríos.
Mr. Bartfeld said: “We are very pleased to have advised the lenders on this important financing in the Colombian energy market. We also look forward to continuing to work with EnfraGen, LLC as it expands its development efforts in the region. This transaction highlights Milbank’s role in a variety of power-related projects throughout Latin America.”
Milbank continues to be a dominant force in the Latin America power, energy and infrastructure markets, regularly advising clients on a wide range of development, financing and acquisition matters.
