Project finance
in Central America
Friday, January 20, 2012
The Ministry of Economy of El Salvador has made available to employers a portfolio of funds to be disbursed during the year.
A press release from the Ministry of Economy of El Salvador reads:
Productive Development Fund (FONDEPRO) of the Ministry of Economy has made available to businesses, this January 20th , a portfolio of funds which are ready to be disbursed during the current year in order to improve competitiveness and create economic impact in El Salvador.
Tuesday, January 17, 2012
At the First Central American Forum on Energy and Infrastructure Project Finance, participants highlighted the number of ventures taking place in Central America in these sectors.
The Panama Canal expansion is just one example that stands out of the many investment projects in energy and infrastructure, both public and private, going on in Central America, in contrast to the sluggishness in Europe, according to participants in the industry forum held in Panama.
Wednesday, December 7, 2011
The Costa Rican Institute of Aqueducts and Sewers needs resources of $598 million immediately and $371 million in the short term.
The funds are for projects that were put to the bottom of the list and have now become a priority for the institution.
Eduardo Lezama, assistant manager of the institution, referred to the projects that need to be done urgently, "We need improvements in collection, in the distribution network sectors, in storage tanks or increased storage."
Tuesday, November 15, 2011
The regulations for the investment of venture capital funds, which were recently published by the Superintendency of Securities, have generated positive expectations from market participants.
Although there are differences of opinion, most experts in the field feel the addendum to the regulation of investment funds covers all the minimum elements that must be detailed in an instrument of this nature.
Monday, November 7, 2011
The primary objective of this scheme is the temporary investment in private bonds of recommended companies, which have not been registered on a stock market over the past five years.
Costa Rica’s National Council of Financial System Supervision approved the regulations covering the operation of the long-awaited Venture Capital Funds.
These instruments are an alternative for financing projects or companies, especially those which by their nature have limited access to traditional funding mechanisms.
Wednesday, October 12, 2011
The Ministry of Economy has announced the availability of non-refundable co-financing line entitled: "Dynamic Start Up: Seed Capital."
A press release from the Ministry of Economy of El Salvador reads:
Friday, September 16, 2011
The Inter-American Investment Corporation has approved a loan for the Panamanian hydroelectric project ‘San Lorenzo’, a plant that will generate 40 GWh per year.
The IIC loan to San Lorenzo Hydro, S.A. in Panama will help to promote renewable power generation.
Monday, September 12, 2011
A feasibility study by a Chinese company for the development of a refinery in Costa Rica, is being questioned by the U.S company Honeywell.
Honeywell, a company specializing in oil industry, was hired by the Costa Rican Petroleum Refinery (RECOPE) to analyze the feasibility study was prepared by the Chinese consulting firm Huanqiu Contracting & Engeneering Corp. (HQCEC).
Wednesday, September 7, 2011
Costa Rican builders are objecting to the award to a Chinese company of a concession for building the hydroelectric station Reventazón, which came as a condition for funding from the Asian country.
A statement from the Costa Rican Chamber of Construction reads:
Thursday, September 1, 2011
The $300 million loan from a bank in China contains the condition that the company Sinohydro be allowed to participate in the project in Costa Rica.
The funding of $300 million accounts for 25% of the total cost of the works, said Teofilo de la Torre, chief executive of the Instituto Costarricense de Electricidad (ICE).
Friday, August 19, 2011
The developers of a $40 million hotel are turning to the stock market for financing.
The financing structure to be used by the company in charge of building the 250-room hotel to be built in Panama City will be a combination of bonds, preferred shares and their own equity.
Monday, August 15, 2011
The construction project for the Jicatuyo and Los Llanitos dams still needs $150 million in funding.
The project has already raised $100 million from the Brazilian National Bank, $200 million from Banco Centroamericano de Inversión, $20 million of the Brazillian company Odebrecht (who will carry out the works) and $100 million from Empresa Nacional de Energía Eléctrica, ENEE.
Friday, August 5, 2011
Golden Phoenix has announced that it has signed two credit instruments with Waterton Global, of a value of $16.5 million for the purchase and development of the Santa Rosa gold mine.
In a press release, the company explained that it used $1 million bridge loan in order to complete the 45 day due diligence required to buy a stake of up to 60% in the mining project.
Thursday, July 28, 2011
Blue Power has signed a financing agreement for $80 million with Bicsa bank, for the completion of the project in Nicaragua.
Once completed, the Blue Power & Energy wind generation farm will be able to generate 39.6 megawatts of clean energy, which corresponds to annual savings of $22 million for the country, according to Emilio Rapaccioli, the energy minister.
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