CIFI, as the primary non-bank financial institution in Latin America and the Caribbean specialized in infrastructure and energy financing, led the structuring and syndication process for the financing of several projects in the region during 2018.
Biomass Plant in Santa Rosa, Province of Corrientes, Argentina
CIFI led the structuring and syndication process for the financing of a biomass power plant located in Santa Rosa, Province of Corrientes, Argentina.
The financing of the USD 67.8M project will be used for the development, construction and start of the operations of the 18MW biomass power plant. The project aims to deliver around 118GWh/yr, the equivalent to supplying approximately 19,600 households, and is expected to start commercial operation by January 2020.
Paraguay’s First Private Containerized Port: Caacupe-Mi
CIFI closed a US$60MM senior and mezzanine loan facility in favor of San Francisco, S.A. (“San Francisco”), company in charge of operating Paraguay’s first private containerized port, Caacupe-mi.
US$40MM of the facility were used to refinance existing financial debt, while the remaining US$20MM will be used in the design, construction, equipping, commissioning and operation of a new containerized port facility in Villeta, 40 km south of Asuncion.
CIFI is committed to foster sustainable development in the region and has advised Caacupe-mi to improve its environmental and social performance obtaining the certification ISO 14001 and in the process of being OHSAS 18001 certified.
Panasolar Generation, a Photovoltaic Plant located in Aguadulce (Cocle), Panama
CIFI led the structuring and financing of US$10M (of a total project cost of US$15M) for the development, construction and start of the operations of Panasolar, a 10 MW photovoltaic plant located in Aguadulce, Province of Cocle, Panama.
The project will interconnect to the national grid at the Llano Sanchez Substation, and will provide energy through private power purchase agreements (“PPA”) to local Panamanian companies looking to reduce their carbon footprint.
The project is well advanced, with over 75% of the works completed, and is estimated to start operation next January.