Central American hydroelectric developers secure funds

Monday, July 21, 2014

Development bank support has been secured for the development of small scale hydroelectric generation in Central America.

Regional lender BCIE revealed it had approved operations for two private Guatemalan projects and one public Nicaraguan project.

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The Guatemalan plants are San Andrés (9.7MW) and San Mateo (19.1MW), also known as Yahuiltz and Pojóm II, respectively. The bank approved up to US$5mn for San Andrés and up to US$20mn for San Mateo.

Last year, the Inter-American Investment Corporation also approved financing for these two projects, which are penciled in to come online by end-2015.

In a related report, Guatemala's government announced that construction of Pojóm II will resume after opposition groups paralyzed work for two months.

Finally, in Nicaragua, BCIE will lend up to US$102mn for the 17.5MW La Sirena project.

BNamericas will host its fourth LatAm Power Generation Summit in Santiago, Chile, on August 13-14. Click here to download the agenda.