Claro y Cia and Shearman & Sterling assist in structuring of a tender offer to purchase the remaining of senior loan participation certificates of Edelnor

Claro y Cia, representing AES Corporation, has been the advisor to Luna III, Ltd, a wholly-owned indirect subsidiary of AES Corp, in the structuring of a tender offer for cash to purchase all of the outstanding (i) 10-1/2 per cent Senior Loan Participation Certificates due 2005 and (ii) 7-3/4 per cent Senior Loan Participation Certificates due 2006 of Empresa Eléctrica del Norte Grande SA, a Chilean corporation ('Edelnor').

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