Banco de Bogotá participates in financing for PCH Doña Teresa

This press release from the Bank of Bogotá was translated from Spanish by an automated system.

Banco de Bogotá, in partnership with Banco Popular, has signed a syndicated loan agreement for a total amount of COP $80,000 million to refinance the PCH Doña Teresa project, a hydroelectric plant located in Segovia, Antioquia.

The financing includes a $40 billion contribution from Banco de Bogotá, with a 10-year term. The loan will allow refinancing the existing debt used in the construction of the hydroelectric plant, thus guaranteeing the financial sustainability of the project. Corficolombiana, Banca de Inversión Aval, is providing advice for the closing of the operation.

“At Banco de Bogotá we firmly believe in the transformative power of sustainability. By supporting projects such as PCH Doña Teresa, we not only contribute to the economic development of the country, but we also reaffirm our commitment to generating clean energy and reducing the carbon footprint. This alliance is not just financing, it is an investment in a greener future and in the well-being of our communities,” said Rafael Arango Calle, Vice President of Corporate Banking and Officer of Banco de Bogotá.

The Doña Teresa PCH project has a net installed capacity of 8.5 MW and produces 44.6 GWh of renewable energy annually, equivalent to the monthly consumption of approximately 23,631 Colombian homes. The plant is equipped with a run-of-river diversion and intake structure, as well as an upper tunnel and a lower tunnel that ensure optimal operation of the pressure line. After transferring its mechanical energy to the turbine, the water is returned to the natural channel of the Doña Teresa stream.

The energy generated by the plant represents 61% of Aris Mining Segovia's energy consumption, and thanks to this self-generation project, the impact has been reduced by 5,000 tons of _CO2 annually, equivalent to 82,675 tree seedlings grown for 10 years.

For the closing of the operation, the investment bank Aval Corficolombiana was consulted.

Banco de Bogotá will continue to work with its allies to promote solutions that benefit both the economy and the environment, thereby strengthening the country's well-being.