# GE and YPF secure $220M financing for Argentine thermal power plants

GE Energy Financial Services and YPF Energía Eléctrica secured nearly $220 million in project financing for two thermal power plants in Argentina, the 267MW Tucumán and 107MW Loma Campana II projects, with construction over halfway complete.

- Type: Contract
- Announced: 2017-07-11
- Where: Tucumán province and Neuquén province, Argentina
- Value: $220.0M
- Status: under construction
- Capacity: 374 MW
- Products: thermal power plants, gas turbines
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [GE Energy Financial Services](https://endata.com/companies/25514.md)
- [YPF Energía Eléctrica](https://endata.com/companies/25515.md)
- [Credit Suisse](https://endata.com/companies/3130.md) (partner)
- [Export Development Canada](https://endata.com/companies/25516.md) (partner)
- [Compañía Administradora del Mercado Mayorista Eléctrico](https://endata.com/companies/25517.md) (customer)

## Sources

- [miningconnection.com](https://miningconnection.com/coal_prep/news/article/ge_and_ypf_secure_220_million_project_financing_for_argentine_thermal_power), 2017-07-11: "This project finance is an important milestone for YPF as it completes the funding of all our power projects under construction, therefore proving the ability of YPF Energía Eléctrica to continue to grow with its own balance sheet."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.