Product: Project Finance
Total project cost: USD 10MM
Environmental category: B
Impact: Energy Production: 84,918 GWh per year
Financial clousure: 2019
CIFI participated with US$ 10MM in a 5-year tenor loan structured by Deutsche Bank. Co-Borrowers are Central Generadora Electrica Huinala S de RL de CV and Energia del Caribe S.A.
The project consists of a gas-powered thermal plant with long-term contracts for the provision of 120.65MW of firm capacity to the Guatemalan electricity system. Likewise, the plant will dedicate a capacity of 22MW to the Mexican electrical system.
Huinala is located close to Monterrey in a primer location with direct access to key infrastructure and resources. Huinala swaps electricity generated in northeastern Mexico (Monterrey) for electricity supplied at the southern Mexico- Guatemala border.