Sponsors and relationship lenders are targeting Colombia for power project development as the country plots a multi-billion dollar infrastructure program and enjoys investment grade credit ratings for the first time in over a decade.

Spanish developers such as Abengoa, Acciona and Isolux Corsan are reportedly considering developing projects, said deal watchers on the sidelines of Euromoney Seminar's 4th Annual Brazilian Energy and Infrastructure Finance Forum, adding that the government is likely to hold tenders for developing projects in the 12-18 months. Their relationship lenders include BBVA, Banco Santander and La Caixa.

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