May 9, 2018 |
IC Power DR Operations, the Dominican subsidiary of Inkia Energy, has received a 4.5-year $73.5m loan from Citi, a source close to the transaction has said.
Inkia's Bermuda-based unit Inkia Americas Ltd. is guaranteeing the loan. Proceeds will go towards developing the 50 MW Agua Clara wind farm, located in the DR's Monte Cristi province.
The wind farm has a 20-year power purchase agreement with state-owned Corporacion Dominicana de Empresas Electricas (CDEE), and includes a clause to increase
Peruvian power unit's local subsidiary obtains $74m from Citi for the Agua Clara wind farm