Project Finance
Outlook: Negative
Action date: 03/20/2020
Rating action: Affirmed

EKONDAKIN ENERGÍA Y MEDIOAMBIENTE S.A

Ekondakin Energía y Medioambiente S.A. is the company set up to execute the concessional contract related to the first phase of Gipuzkoa Environmental Complex (CMG-1). The project mainly includes a mechanical - biological treatment plant and a waste to energy plant. Ekondakin is responsible for the construction, financing, operation and maintenance of 'CMG-1' during a period of 35 years. The project is delayed in its construction phase under uncertainty in achieving the objectives necessary for its completion.

Rating

Solicited
Date last rating: 03/20/2020
Date first rating: 05/31/2017