OUR HERITAGE
AES Maritza East 1
US$1.3B Capital Raise for Greenfield Power Project in Bulgaria
Delphos served as a financial advisor on a greenfield power project in Bulgaria. The project was funded by various blue-chip public and private sector institutions. Delphos consulted the sponsor on various aspects of the financing, writing marketing and disclosure materials, negotiating favorable terms for the political risk insurance policy, and related activities. Delphos assisted in replacing the original contract with separate Power Purchase and Lignite Supply Agreements.
Sector
Energy and Natural Resources
Amount Raised
US$1,326,930,000
Deal Type
Capital Raising
Unique Challenge
Construction of the most efficient and cleanest fossil fuel power plant in Bulgaria, meeting World Bank environmental standards
Sub-sector
Energy Efficiency
Year
2006
Type of Financing
Debt
Deal Impact in Numbers
Financing for power plant with a total power output of 670 MW for 9 % delivery of the country's total electric power production volume
Lender
MIGA, EBRD, ING, Hermes, COFACE, Calyon, BNP Paribas
SDGs
Borrower
AES Corporation
Deal Impact in Lives
Largest foreign direct investments in Southern Europe with Project Finance magazine's Power Deal of the Year award in 2005 for Europe
Location
Bulgaria
Interested in working with us?
Delphos arranges capital raising (debt and equity) and transaction advisory for emerging-market project sponsors and operating corporates across Africa, Asia, Latin America and the Caribbean, and Emerging Europe.
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Delphos- Premier Financial Advisor in Private Emerging Markets
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