The Panamanian government has authorized a $400 million loan between Empresa de Transimisión Eléctrica and Citibank, for the payment of the Third Transmission Line.
As detailed in the August 10 editions of the official newspaper, La Gaceta, the funds will be used to cancel Partial Payment Certificates, a format known as a Turnkey project.
The government reported that the Inter-American Development Bank has approved a $20 million loan to finance renewable energy projects managed by small and medium enterprises.
Vice President Rosario Murillo told government media that "... the IDB gave no objection to Banco de la Producción (Banpro) who will give loans to small and medium-sized renewable energy companies," this is reported by Iván Acosta, Minister of Finance, who in turn received the note from Francisco Mayorga who represents us at the IDB."
The Costa Rican Stock Exchange is preparing a bond plan for companies that seek to finance renewable energy, agriculture, and waste management projects, among others.
The aim of the authorities at the National Securities Exchange (BNV), is to have the first issue of bonds of this type ready in the last quarter of 2018.The plan is to provide financing alternatives through the stock market for projects"... new or existing ones that qualify as green projects, that is to say, that contribute to mitigating the effects of climate change or adapting to them."
With a loan from OPEC, the second phase of the rural electrification project on the Caribbean coast will be financed.
The decree must still be approved by the National Assembly, which will receive it in the coming days.The loan was agreed between the Ortega administration and the Organization of Petroleum Exporting Countries.
With the backing of Congress the National Electricity Company aims to raise money on the international market in order to improve its debt profile.
Converting short-term debt which has high rates to debt with longer maturities and with lower interest rates, is what the National Electricity Company (ENEE) is aiming for in the external market.Congressional authorization allows the ENEE to issue up to $858 million in debt.
The International Finance Corporation will provide $150 million for the construction of a project to construct an electricity generation plant based on natural gas in the province of Colón.
This new loan is in addition to the syndicated loan in which Banistmo, Bancolombia, Banco Centroamericano de Integración Económica Banco General and Global Bank, announced in May 2016.
The Electricity Transmission Company is preparing to make two issues of $350 million and $500 million on the New York Stock Exchange in order to finance the fourth transmission line and carry out improvement works on existing lines.
Authorities at the Electricity Transmission Company of Panama (Etesa) have hired Scotiabank to structure the emissions to be made on the New York Stock Exchange.
The National Assembly has approved a loan of $33 million with the South Korean bank Eximbank, to install solar panels in 15 municipalities, and another $10 million for electrification works in the Caribbean.
The $33 million loan with the Import and Export Bank of South Korea will be used to fund the installation of solar panels in 15 municipalities in the Autonomous Region of the North Caribbean, the Autonomous Region of the South Coast and in the department of Rio San Juan .
The construction of the energy generation plant using natural gas by AES Colon will be financed with a syndicated loan from the CABEI, Banistmo, Bancolombia and other banks.
Those involved in the syndicated loan are Banistmo, Bancolombia, the Central American Economic Integration Banco General and Global Bank, reports Capital.com.pa. The plant, which will have the capacity to generate up to 381 MW of energy from natural gas, was announced in 2015 by the company AES Colon, who was awarded the contract to supply 350 MW of power.
With a line of credit granted by the Latin American Bank for Foreign Trade and the Dutch Development Bank, Banco Ficohsa will finance renewable energy projects.
From a statement issued by Banco Ficohsa:
Tegucigalpa August 27, 2015, Banco Ficohsa has been provided a credit line by the FMO and Banco Latinoamericano de Comercio Exterior (Bladex), SA in the amount of US $60,000,000.00 (sixty million US dollars).
$100 million has been approved for the Electricity Transmission Company to finance construction of new power transmission lines of 115 kv and 230 kv, expansion of existing lines and new physical structures.
From a statement issued by the National Economic Council (CENA):
The National Economic Council (CENA) has given approval to the Electricity Transmission Company (ETESA) for a total of 100 million dollars to finance 18 projects that are part of the investment plan which focuses on improving the electricity transmission network in the country, informed the Minister Economy and Finance, Dulcidio De La Guardia.
An announcement has been made that the German government will have a credit line of $113 million available to fund geothermal projects in Central America.
The announcement was made by the German ambassador to Nicaragua, Karl-Otto König, who said in an article on Elnuevodiario.com.ni that "...Central America is a region with 'considerable potential' for generating thermal energy which comes from the ground or from volcanoes. "
The Inter-American Development Bank has approved a $23 million loan to renovate the Canaveral - Rio Lindo hydro station and its connection to the national grid.
From a statement issued by the Inter-American Development Bank (IDB):
The Inter-American Development Bank (IDB) has approved a loan to Honduras for $23 million for the renovation of infrastructure for generation at the Canaveral - Rio Lindo hydro station; renovation of transmission assets that connect the station to the national grid; and improving operational and commercial efficiency of generation management of the National Electricity Company (ENEE).
The company SunEdison has obtained a multilateral international loan to build three photovoltaic power generation plants with a combined capacity of 81.7 MW.
From a statement released by the Central American Bank for Economic Integration (BCIE):
BELMONT, California, Dec. 15, 2014 /PRNewswire/ -- SunEdison Inc. (NYSE:SUNE), a leading solar technology manufacturer and provider of solar energy services, announced today the closing of an approximately $146 million USD non-recourse debt financing arrangement with the International Finance Corporation (IFC), the Central American Bank for Economic Integration (CABEI) and the OPEC Fund for International Development (OFID).
27 plants solar projects have been approved by the government, of which only four are under construction and the remaining 23 are in the fundraising stage.
It is estimated that the investment required for the development of the approved projects is between $1.644 and $1.827 billion, which why the companies behind the 23 projects have not yet started seeking financing in the international market.