Project debt (Tables)

12 Months Ended

Dec. 31, 2023

The variations in 2023 of project debt have been the following:

	Project debt - long term			Project debt - short term			Total
Balance as of December 31, 2022		4,226,518			326,534			4,553,052
Nominal increase		213,232			-			213,232
Nominal repayment		(4,768	)		(513,576	)		(518,344	)
Interest payment		-			(227,145	)		(227,145	)
Total cash changes		208,464			(740,721	)		(532,257	)
Interest accrued		-			227,418			227,418
Currency translation differences		28,808			7,150			35,958
Other non-cash changes		35,024			65			35,089
Reclassifications		(566,941	)		566,941			-
Total non-cash changes		(503,109	)		801,574			298,465
Balance as of December 31, 2023		3,931,873			387,387			4,319,260

The variations in 2022 of project debt were the following:

	Project debt - long term			Project debt - short term			Total
Balance as of December 31, 2021		4,387,674			648,519			5,036,193
Nominal repayment		(73,478	)		(310,629	)		(384,107	)
Interest payment		-			(232,855	)		(232,855	)
Total cash changes		(73,478	)		(543,484	)		(616,962	)
Interest accrued		-			230,237			230,237
Business combination (Note 5)		1,301			148			1,449
Currency translation differences		(119,068	)		(18,040	)		(137,108	)
Other non-cash changes		39,161			82			39,243
Reclassifications		(9,072	)		9,072			-
Total non-cash changes		(87,678	)		221,499			133,821
Balance as of December 31, 2022		4,226,518			326,534			4,553,052

Repayment schedule for project debt

The repayment schedule for project debt in accordance with the financing arrangements as of December 31, 2023, and assuming there would be no acceleration at the Chile PV 1 and Chile PV 2 debts as of December 31, 2023, is as follows and is consistent with the projected cash flows of the related projects:

2024				2025		2026		2027		2028		Subsequent years		Total
Interest payment		Nominal repayment
	15,215		305,087		325,303		352,495		499,968		464,648		2,356,544		4,319,260

The repayment schedule for project debt in accordance with the financing arrangements was as follows and was consistent with the projected cash flows of the related projects:

2023				2024		2025		2026		2027		Subsequent years		Total
Interest payment		Nominal repayment
	15,053		311,481		323,731		442,920		358,444		504,954		2,596,469		4,553,052

Foreign currency-denominated project debt

The equivalent in U.S. dollars of the foreign currency-denominated project debts held by the Company is as follows:

	Balance as of December 31,
Currency	2023		2022
Euro		1,571,369		1,633,790
South African Rand		233,854		277,492
Algerian Dinar		76,277		86,739
Total		1,881,500		1,998,021