GENERACION ANDINA S.A.C.
Status: Approved investmentWhy disclosure?
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In case of questions
In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
Generacion Andina was established to develop, construct, and operate two greenfield run of river hydro power plants "8 de Agosto" (19MW) and "El Carmen" (8.4MW) in Peru. The project also includes a 60km transmission line, located in the Monzon Valley, 60km from Tingo Maria in Peru.
What is our funding objective?
Total project has costs of around US$ 87 million, which are funded by the sponsors and a lender group arranged by DEG.The developer and main sponsor of the projects is the Union Group from Uruguay.The investment can be considered as 100% green as it is targeted at realizing two small scale run-of-river hydropower projects .
Why do we fund this investment?
FMO is participating in the financing of this hydro power project not only to increase Peru's generation capacity but also to help boost the diversification of the energy generation mix in Peru by adding renewable energy generation capacity. In addition, FMO is provide 16 years term financing which can not be readily raised in this quantum from commercial lenders in the market.
- Region
- Latin America & The Caribbean
- Country
- Peru
- Sector
- Energy
- Effective date
- 7/1/2015
- Total FMO financing
- USD 10.00 MLN
- Funding
- FMO NV
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Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - B+