Cuatrecasas advises Santander in granting credit to Enelca

Cuatrecasas, through its Bogotá office, has advised Banco Santander on the granting of a loan in pesos, indexed to dollars, to Energía Eléctrica de la Costa Atlántica and Patrimonio Autónomo FiduBogotá – Enelca.

The resources will be used to pay an existing debt and for the costs of the Cereté project, which positively impacts the development of this project and ratifies Santander’s commitment to the Colombian energy sector.

Cereté is a strategic project for the country’s energy system, as it addresses the transmission infrastructure deficit on the Atlantic coast, meets the demand in the area and provides greater reliability to the system. In addition, the project reaffirms the importance of building reliable transmission infrastructure to promote the energy transition, especially in areas of high radiation and suitable for the development of solar energy generation projects, as in the area where it is located.

The Cereté project consists of the design, procurement of supplies, construction, operation and maintenance of a power transmission line with a voltage of 110kV and a total length of 7,020 metres (distributed in 6,320 metres of overhead infrastructure and 700 metres of underground infrastructure) in the department of Córdoba, currently connected to the Regional Transmission System through its Cereté 110Kv substation.

Cuatrecasas’ team was led by partner Manuel Quinche (pictured), together with associates Sofía Esguerra and Manuela Gaitán, with the support of interns Anita Zuluaga and Pedro José Villa. Also participating were senior associates Manuel Gómez, Juan Fernando Puerta, Sebastián Salazar, Camilo Cardona and Cristina Stiefken, as well as associates Emilio Torres, José Manuel Castillo, Luisa Toledo, Andrea Bocanegra, Daniel Albornoz, María Fernanda Díaz, Gabriela Forero, Natalia Márquez and Juan Felipe Cortés, and interns Laura Garay and José Manuel Jaramillo.