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The state-owned energy company, which has already awarded the contract to the Teyma-Prodiel Energy consortium, hopes to obtain up to 27 million dollars. The deadline for acquiring the bonds opens next Monday.
Uruguayan state-owned energy company National Administration of Electric Power Plants and Electric Transmissions (UTE) has announced an issue of negotiable bonds (EON) to finance the photovoltaic park that is already being built in Punta del Tigre, department of San José.
The solar plant, whose construction contract was awarded to the Teyma-Prodiel Energy consortium , will have an installed capacity of 25 MW, with panels driven into the ground on iron bases and about two metres high. It is expected to be completed in the second half of next year.
Regarding the EON, UTE plans to issue up to a maximum of 27 million dollars, maturing on December 17, 2029.
The EON interest payments will be semiannual, and "will accrue compensatory interest at a fixed interest rate of: 5.125% linearly per year from the date of issue until the end of the third year; 5.25% for the fourth year; and 5.375% for the fifth year, that is, until the date of maturity," according to the document with the terms and conditions of the issue .
The subscription period will begin next Monday, December 9, and will run until December 15.
Last month, UTE announced the inauguration of its first photovoltaic park, Punta del Tigre, of 30 MWp (25.65 MWn), located in the town of Colonia Wilson, also in the department of San José. |
