Patria Investments-backed water assets in Chile secure $883m of financing
Transactions - JANUARY 25, 2024

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Patria Investments-backed water assets in Chile secure $883m of financing

by Kali Persall

Portfolio companies of Patria Investments, an alternative investment firm focused on Latin America, have locked in $883 million of senior secured financings for two adjacent water assets in Chile.

The assets include the Aconcagua desalination plant and the San Isidro Quilapilún water pipeline in Chile’s Valparaiso and Metropolitana regions.

The Aguas Pacifico Aconcagua Project is composed of three major components: (1) the Aconcagua Desalination Plant in the Quintero bay, (2) the San Isidro — Quilapilun Aqueduct and (3) the Puchuncavi Substation at the desalination plant site. The transactions support the development, construction, operation and maintenance of the desalination plant and pipeline for the transportation of treated and/or desalinated water. The project is the first multi-client desalination plant in the region and will contribute to reducing usage of continental water by its industrial clients.

Jose Mestres, partner for Patria Investments’ i

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