Honduras: Wind Project to Deliver a Guarantee of $4.5 MillionWednesday, April 29, 2009 Mesoamérica Energy will deliver a guarantee of compliance to the government for the development of the Cerro Ula wind farm project. The guarantee would support the implementation of the first phase, which contemplates the generation of 60 MW of energy. José Morán, manager of Mesoamérica Honduras, said, "This shows that we are working and that we are going at a good speed according to what the contract with the National Electric Power Company calls for." Costa Rica: $235 Million to Finance Garabito PlantThursday, June 11, 2009 The KFW IPEX Bank of Germany granted the credit to the PT Garabito securitization trust for the construction of the plant. The loan, which covers 85% of the construction work, has a 13-year term and a fixed annual interest rate of 5.06%. Honduras: More Investors in Tela BayThursday, October 13, 2011 Balboa Bank & Trust, will support the Micos Beach & Golf Resort tourism project providing a loan for $2.5 million. Diana Villeda, chief financial officer of Tela Bay Tourist Development (DTBT in Spanish) announced that an amendment will be made to the syndicated loan agreement, integrating this contribution and bringing the total credit to $26 million. Honduras Approves Loan for Hydroelectric Patuca IIIMonday, May 2, 2011 The funding of $300 million for the construction of the Patuca III hydroelectric project has been approved by the bank Eximbank. Financial Secretary, William Chong Wong said that negotiations of both the technical and political details with China have reached the final phase, which has led to the approval of funding by the bank. $ 209 Million for Cerro de Hula Wind ProjectFriday, November 19, 2010 The BCIE and the EX-IM Bank signed a loan in favor of Energía Eólica de Honduras. The resources will be invested in the Cerro de Hula Wind Project, which will generate 102 MW and is located in the Department of Francisco Morazan, Honduras. Financing Structured for Hydroelectric Power PlantTuesday, September 27, 2011 The $165 million needed for the extension of the ‘5 November’ power station in El Salvador will come from the BCIE ($57.5 million), the German bank KFW ($57.5 million) and the European Union ($ 7.5 million). For its part, the Executive Hydroelectric Commission of Rio Lempa (CEL), a company that manages the power plant will make a contribution of $43 million towards the expansion project. Cerro de Hula Wind Project Construction BeginsThursday, December 9, 2010 With a $ 250 million investment the wind farm equipped with 51 auto generators will produce 100MW. The Project is a consortium made up by Gamesa and Iberdrola Engineering and Construction. Costa Rica: $45 million for Wind FarmThursday, August 7, 2014 The letter of credit issued by Citi to Globeleq Mesoamerica Energy is for the import of 25 turbines for the 50MW wind farm Orosi, to be built in Guanacaste. The Spanish company Gamesa is the beneficiary of the letter of credit for the import and installation of 25 turbines in the wind farm being developed by Globeleq Mesoamerica Energy in the area of Quebrada Grande, near Liberia, Guanacaste. Irregularities Denounced in Tocumen ContractsMonday, December 10, 2012 Spain’s Global Exchange complained before the Airport Council of Latin America and the Caribbean of irregularities in the award of currency exchange services. In a letter presented to the president of the ACI-LAC, Philippe Baril, Global Exchange remarks the long process for the award of the concession for currency exchange services at Tocumen International Airport. Too Many Doubts Over New Refinery in Costa RicaTuesday, May 28, 2013 The limited information presented by the state run refinery RECOPE shows that the Costa Rican government will bear the entire risk of the $1.5 billion project. Editorial Wind Farm in Cerro de Hula Moves ForwardMonday, November 8, 2010 Globeleq announced the wind power plant in Honduras reached financial agreements and will begin construction. The majority-owned subsidiary of Globeleq, Mesoamerica SA Renewable Energy (Known as Mesoamerica Energy), leader in development of wind projects in Central America, has been developing the 102 MW wind power project through its own local entity Wind Energy Honduras SA (EEHSA). More Studies to Demonstrate Feasibility of RefineryWednesday, May 29, 2013 The directors of the Costa Rican state run entity RECOPE say that "there are already a number of studies which prove profitability," but as they can not produce them, they have announced that universities will be hired to do so. Added to the $50 million that has already been spent on the project, will be these extra costs for more technical studies, and the recruitment of "national universities who will delve deeper, from academia, into the information which international consultants have already verified and approved." |
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