Geotermica Platanares, S.A. de C.V. (DFC-2017-GEOTERMICAPLAT)

Countries
  • Honduras
Where the impacts of the investment may be experienced.
Financial Institutions
  • US International Development Finance Corporation (DFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
Geotérmica Platanares, S.A. de C.V.
The holder of the loan, grant, or other investment.
Sectors
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 135.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 180.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ DFC website

Updated in EWS Jul 31, 2020


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Project Description

Geotérmica Platanares, S.A. de C.V. will develop, construct, and operate a 35 MW geothermal power plant that will provide continuous baseload power to the grid in Western Honduras. The Project will increase reliable electricity generation capacity in Honduras by approximately 2% at a cost that is 24.5% less than the average cost of residential electricity in Honduras. In addition, the Project will be situated in an area of Honduras with little existing generation capacity and significant problems with blackouts.

Investment Description
  • US International Development Finance Corporation (DFC)
Private Actors
Contact Information

Not available