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Cobra taps Crédit Agricole for Uruguayan wind farm financing

Uruguayan firm Scelza & Montano has helped Spain’s Cobra Group secure long-term project financing from France’s Crédit Agricole to fund construction of the Kiyú wind farm in the south of the country.

Counsel to Cobra Group

In-house counsel – Ignacio Elizalde and Rafael Belinchon

Scelza & Montano

Partner Ignacio Torres and associates Pedro Bellocq Montano and Gastón Fernández in Montevideo

Counsel to Crédit Agricole

Clifford Chance LLP

Partner José Guardo and associates Humberto Pérez, Alejandro León and Ana Cano in Madrid, partner Fabricio Longhin and special legal consultant Alberto Haito in Washington, DC and associate Greg Kahn in New York

Jiménez de Aréchaga, Viana & Brause

Partner Nicolas Herrera Alonso and associates Cecilia Comas and Mariela Ruanova in Montevideo.

Construction of a Liquid Fertilizer Terminal in Nueva Palmira (Colonia, Uruguay).

Construction of a Liquid Fertilizer Terminal in Nueva Palmira (Colonia, Uruguay).

Factoril S.A. is another client of the Firm that is undertaking the construction and mounting of the biggest tank farm and terminal in Nueva Palmira, Colonia.

Scelza & Montano worked with Factoril S.A. in the construction and mounting contracts, and in the signature and registration of deeds related to the land where the project is located.

ULOG (Transmundo S.A.) has carried the most important structures for the renewable energy projects.

ULOG (Transmundo S.A.) has carried the most important structures for the renewable energy projects, such as the wind farms and steam production by burning biomass. Some of the remarkable projects shipped by Ulog are as follows:

  • UPM Pulp Mill (formerly Botnia, in Fray Bentos – Panprojects)
  • Weyerhaeuser 2nd Production Line (Tacuarembó – UPS)
  • General Electric Power Generator Plant /UTE (Punta del Tigre – Intermarine)
  • Vestas Wind Farm/UTE (Cerro de Los Caracoles – Spliethoff/BBC – 10WTG)
  • Wärtsilä power plant/UTE (Batlle Power Plant, Montevideo – Fracht)
  • Nordic Wind Farm/Nuevo Manantial (Nuevo Manantial – 3WTG)
  • Vestas Wind Farm/ Kentilux – La Magdalena (ULOG – 5WTG)
  • Areva-Alstom Power Conversion/UTE (Melo – Bertling)
  • Three-phase transformers (25-63MVA)/UTE
  • NedWind Wind Farm NW40/ (Nuevo Manantial – 18WTG)

Scelza & Montano has assisted ULOG for the different logistic contracts and charter parties.

Urutug (Lirio Blanco S.A.) has purchased and registered under Uruguayan flag special tug boats.

Urutug (Lirio Blanco S.A.) has purchased and registered under Uruguayan flag special tug boats, to provide services in the ports of Uruguay, particularly to serve Montes del Plata to enable the entrance of cargo ships in the Port of Punta Pereira to unload wood pulp. Such tug boats introduce the best technology for such task in this country.

Scelza & Montano assisted Urutug for the purchase and registration of the tug boats and in the financial contract with the banks that supported the project.

La Buena Estrella S.A. produces veterinarian products and has developed the most complete series of tick killers.

La Buena Estrella S.A. produces veterinarian products and has developed the most complete series of tick killers with no resistance by ticks and such products are available as injectable formulations, absolutely innovative since they are less toxic for animals, human beings and the environment.

The company has constructed a new plant for the production of antiparasitics injections and pesticides meeting the highest quality standards.

Scelza & Montano provided its services to La Buena Estrella S.A. for the reconstruction works of its industrial plant.

Montecon S.A. Notable invested in equipment of last generation.

Montecon S.A. realizó notables inversiones en equipamiento de última generación, adquiriendo grúas para la carga y descarga de contenedores en el Puerto de Montevideo. En particular destaca la adquisición de la grúa Liebherr LHM600.Este modelo corresponde al equipo de estas características de mayor velocidad y alcance de su tipo en el mundo. Su llegada se enmarca en un plan de renovación y up-grade de grúas el cual busca sustituir todas las unidades de tipo panamax por grúas de estas características (súper post-panamax).

Scelza & Montano asistió a  Montecon S.A. en los contratos de compraventa internacional y en los contratos de financiamiento bancario.