Colinversiones Gets CAF Cash

Colombian holding company Colinversiones has secured $65m in long-term funds from CAF to upgrade its Termoflores power generation plant. The company will boost capacity of the plant to 610MW from 441MW, CAF says. Colinversiones recently told LatinFinance it was negotiating a $130m 12-year loan with CAF and the IFC. The company recently funded itself with a $300m bridge from Bancolombia, but securing long-term financing to support investment is part of the investment plan. Colinversiones has interests in the energy, financial and other sectors.