Edison Mission, Partner Obtain Funding
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Edison Mission Energy, Irvine-based owner and manager of energy plants, said the company and its partner have obtained financing from four international institutions for a $460-million CBK Power Co. rehabilitation and expansion project in the Philippines.
CBK Power is a partnership between Edison Mission and Impsa of Argentina.
CBK will rehabilitate, build and operate three hydroelectric plants, including a large pumped storage facility.
Financing includes long-term loans for $340 million from the financial institutions, and equity contributions totaling $120 million by Edison and Impsa.
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