CMS Grau advised Banco BBVA Perú (“BBVA”) as lender in the structuring and negotiation of a revolving credit facility for up to USD 100 million in favor of Luz del Sur S.A.A. (“Luz del Sur”), which will be destined to different corporate uses.
Luz del Sur holds an electricity distribution concession in the southern part of Lima, as well as Cañete and Huarochiri; and its subsidiaries operate multiple power plants in Perú. Luz del Sur is a subsidiary of China Three Gorges Corporation, one of China's largest power generation companies and the parent company of China Yangtze Power, operator of the world's largest power plant, the Three Gorges Dam.
The closing of the transaction occurred on September 17, 2025.
External Legal Advisors for BBVA:
CMS Grau: Partner Miguel Viale, and team composed of Cinthia Cánepa and Pablo Martínez.
Internal Legal Advisors for BBVA:
Liliana Avellaneda Rojas and Mateo Lanata Dávila.
Internal Legal Advisors for Luz del Sur:
Gillian Paredes Guerrero, Jose Manuel Dedios Sanguineti and Carlos Alva Lirio.
