Ebrasil, Golar seek IIC financing

Ebrasil, Golar seek IIC financing

Structured Finance Brazil Loans Project & Infrastructure Finance

Ebrasil Energia and Golar Power have approached the IIC for $238m in loans to fund construction of a gas-fired power plant in northeastern Brazil. The IIC, part of the IDB Group, said it will provide long-term financing in Brazilian reais, which is not available in the market, and also funding in dollars. The IIC board is expected to decide on the loan by October 31 this year. With BRL4.3bn ($1.38bn) in total project costs, the 1,516MW Porto de Sergipe liquid natural gas (LNG) power plant will b

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