Quick Facts

Countries:
Where the impacts of the investment may be experienced.
  • Ecuador
Banks:
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
  • Netherlands Development Finance Company (FMO)
Status: Signed
Bank Risk Rating: A
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.
Investment Amount (USD): $ 15.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.

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Primary Source

Original disclosure @ FMO website
Updated in EWS: 2017-11-03
HIDRONORMANDIA S.A.
FMO-50485

Project Description
WHO IS OUR CLIENT Hidronormandia S.A is a special purpose vehicle incorporated in Ecuador to develop and construct a run-of-river hydroelectric power plant. FUNDING OBJECTIVE FMO's funding will be used to construct a 49.6 MW run-of-river hydroelectric power plant and an 85km transmission line. The project site is located on the Upano river in the South East of Ecuador near the city of Macas in the Morono Santiago province. WHY WE FUND THIS PROJECT The country of Ecuador is in need of additional power and incentivizes small and medium sized hydropower plants to be constructed. The project will supply renewable and low cost energy to the national grid. Long term debt financing is not readily available in Ecuador.
Investment Description
Contact Information
FMO The Netherlands +31 70 314 96 96 info@fmo.nl Anna van Saksenlaan 71 2593 HW, The Hague The Netherlands FMO South Africa +27 11 507 2500 joburg-office@fmo.nl Regent Place, 2nd Floor Cradock Ave, Rosebank 2196 Johannesburg South Africa