Joshi Technologies International, Inc. (DFC-2019-JOSHITECHNOLOG)

Countries
  • Colombia
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
Joshi Technologies International, Inc.
The holder of the loan, grant, or other investment.
Sectors
  • Climate and Environment
  • 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)
$ 7.75 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)
$ 25.76 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 17, 2020


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Project Description

"Expansion of oil production in the Palagua Field."

Besides, "on Colombia by improving its energy infrastructure. Crude oil represents an important revenue source for the Government of Colombia, but revenues from this sector fell dramatically when the price of crude collapsed in 2014, causing production to fall over the last four years. The Project is expected to increase crude oil production in Colombia, resulting in additional revenues for the Government of Colombia. The Project aligns with the Government of Colombia’s National Development Plan, which calls for further exploration and extraction of hydrocarbons, and the Project will use innovative and uncommon production and processing technologies.".

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

The "Contact Information" was not available at the moment of the snapshot.