Tejo Energia was structured on a limited recourse project finance basis in 1993, involving a banking syndicate which currently comprises more than 30 banks, including benchmark domestic and international banks. Tejo Energia’s legal and financial reference framework, at the time of the company’s formation, was regulated by more than one hundred contracts. Outside capital at the time of the 1997 refinancing operation, accounted for 85% of the total.

In addition to shareholders, the banks also play a relevant role in monitoring the project’s technical and financial parameters. Historic and forecast results are periodically reviewed and compared with benchmark ratios. The financing of Tejo Energia, accordingly involves a hands-on approach comprising multi-featured permanent contacts with its diverse financial and commercial partners.