US$7.5 million financing of the Macano run-of-the-river hydroelectric project

Arias, Fábrega & Fábrega acted as counsel to Banco General, S.A. in connection with the US$7,500,000 financing of the Macano Hydroelectric Project in the province of Chiriquí, Republic of Panama, currently under construction by Hidro Boquerón, S.A.

Complex structures and security packages more commonly used in the financing of mega hydroelectric projects had to be adapted for the financing of the construction of this mini run-of-the-river hydroelectric plant.