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Marubeni breaks ground on US$1B Codelco desal plant

Marubeni and Chilean power transmission company Transelec Holdings have raised an undisclosed amount to to launch a desalination and water transmission business for state copper company Codelco to supply its copper mining operations in northern Chile. Marubeni concluded a long-term water sales agreement with Codelco in July 2022.

Paul Harris
Codelco's Chuquicamata in Chile

Codelco's Chuquicamata in Chile

The loan was provided by a consortium featuring Mizuho, Norinchukin, MUFG, Sumitomo Mitsui, SBI Shinsei, BBVA, Santander, Credit Agricole, Societe Generale, Intesa Sanpaolo, KfW IPEX-Bank and Korea Development...

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