WestLB to Arrange Financing for Abengoa Peru

WestLB is expected to arrange financing for the $106.1m Carhuamayo-Carhuaquero transmission line to be built by Abengoa Peru, according to a banker with knowledge of the project. The government awarded the Peruvian unit of Spanish utility Abengoa a 30-year concession to build and operate the 700km line Tuesday, and WestLB backed the bid. No details regarding the makeup of the financing have emerged. The line will become part of the “Longitudinal Trunkline of the Sierra,” starting in 2010 to transport gas-fired and hydroelectric generation from the country’s center to mines in the north.