Chadbourne Represents EPM Ituango in BOOMT Contract for the 2400 MW Hidroituango Project
April 28, 2011
Chadbourne & Parke LLP represented EPM Ituango (EPM's controlled SPV) and EPM in the negotiation and execution of a BOOMT Contract with Hidroituango S.A. E.S.P, for the construction, development and operation by EPM Ituango of the Ituango Hydro Project.
The Ituango Hydro Project, a 2,400 MW run-of-the-river hydro power facility, is expected to be the largest in Colombia and should begin operations in 2018. After its commercial operation by EPM Ituango for the term of the BOOMT, Hidroituango S.A. E.S.P. shall receive the operating facility in year 2061.
Working for Chadbourne on the deal was partner Carlos Albarracín.