Our firm advised a consortium led by state-owned China Three Gorges (CTG) obtain refinancing worth US$850 million following its acquisition of the Chaglla dam. The deal that was signed in 2017, but closed May 2019. The consortium will use the loan to refinance existing debts incurred by the company that managed the dam before it was purchased by CTG. Chaglla is Peru’s third-largest hydroelectric dam and is located in the country’s central Huánuco region.