Milbank acts for lenders in Peru power plant refinancing

Milbank has advised the lenders in connection with the refinancing of Peruvian power plant Samay/Mollendo, known as Puerto Bravo, which is owned by Inkia Energy.

This is one of the largest single-asset energy refinancings in Latin America in 2019, the law firm said.

The 708-megawatt cold reserve power plant is located in the district of Mollendo, province of Islay, in Arequipa Region, and is operated by Samay, a portfolio company of global private equity firm I Squared Capital..

The Milbank global project, energy and infrastructure Ffnance team was led by partners Dan Bartfeld (pictured) and Jaime Ramirez, along with associates Genevieve Fox, Rocío Portela-Berrios and Marcela Barba.

“The Samay/Mollendo refinancing is indicative of the continued strength of the Latin American energy finance markets,” Bartfeld said.