IFC Financing Jamaica Power Company

IFC Financing Jamaica Power Company

Caribbean

The IFC says it has arranged a $99m financing package for West Kingston Power Partners in Jamaica. The IFC is providing $22m. The remaining $77m is a syndicated loan. Following are the participants: Bank of Nova Scotia Jamaica, First Caribbean International Bank, DEG, FMO, CAF, CIFI and Finland’s export credit agency, Finnvera. The loans complement almost $33m in equity provided by Conduit Capital Partners' Latin Power III fund. The loans are for 12 years, according to a source close to the comp

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