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Andrews Kurth Kenyon Represents IIC, FMO and C2F in $78 Million Loan to HIDRONORMANDIA S.A.

January 31, 2017
Washington, DC

On January 13, 2017, Inter-American Investment Corporation (“IIC”), Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V. (“FMO”), as senior lenders, and Canadian Climate Fund For The Private Sector In The Americas (“C2F”, as a subordinated lender, and together with IIC and FMO, the “Lenders”), closed on a US$78 million secured loan facility to Hidronormandia S.A. (“Hidronormandia”).

The proceeds of the facility will be used by Hidronormandia to finance the design, development, financing, construction, ownership, operation, and maintenance of a run-of-the-river hydroelectric power plant named “Normandía” on the Upano river, with an estimated capacity of up to 49.60MW located about 20km from the City of Macas, Province of Morona-Santiago in southeastern Ecuador.

The US based firm of Andrews Kurth Kenyon LLP advised the Lenders as international counsel. Local legal advice was provided by Pérez Bustamante & Ponce.

Andrews Kurth Kenyon Lawyers

Vera Rechsteiner, Partner

Eric Markus, Partner

Siddharth Sethy, Associate

IIC In-house Counsel

Patricia Alves de Toledo

FMO In-House Counsel

Simon Voorhoeve

C2F In-House Counsel

Patricia Alves de Toledo

Katherine Scheider Hallahan

Pérez Bustamante & Ponce Lawyers

Bruno Pineda, Partner

Natalia Almeida, Senior Associate

Hidronormandia’s US Counsel

Steptoe and Johnson LLP

Hidronormandia’s Ecuadorian Counsel

Cabezas, Wray & Alban

About Andrews Kurth Kenyon LLP

Since 1902, Andrews Kurth Kenyon has built its practice on the belief that “straight talk is good business.” Real answers, clear vision and mutual respect define the firm’s relationships with clients, colleagues, communities and employees. With nearly 430 attorneys and 11 locations worldwide, Andrews Kurth Kenyon represents a wide array of clients in multiple industries. For more information about Andrews Kurth Kenyon, please visit andrewskurthkenyon.com.

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