News

Launch of new Bridge and Investment Financing Program for Central America

San Jacinto power plant (source: Ram Power)
Alexander Richter 9 Nov 2015

A new Geothermal Bridge and Investment Financing Program for Central America and the Andean countries, structured by KfW, CAF and CABEI in cooperation with the World Bank and IDB will be launched at the upcoming GEOLAC Congress in Managua, Nicaragua.

The Central American Bank for Economic Integration (CABEI) and the CAF Latin American Development Bank will launch their new Geothermal Bridge and Investment Financing Program at the upcoming GEOLAC conference 2015, as announced by the organisers.

The event will take place, November 18-19, 2015 in Managua, Nicaragua.

In close partnership with MunichRe, the Programs seek to provide tailored debt financing for both the capacity drilling as well as plant construction phases of the geothermal development cycle.

The Geothermal Development Facility (GDF) has been structured by KfW, CAF and CABEI in cooperation with the World Bank and the Inter-American Development Bank.

The Bridge and Investment Financing Program are for Central America and the Andean countries.

Source: GEOLAC/ New Energy Events

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Correction: In an earlier version of this article we reported on the Caribbean being part of the financing program, but that is not the case.