El Salvador's EDP targets IFC, WB for power plant debt

El Salvador's EDP targets IFC, WB for power plant debt

Project & Infrastructure Finance El Salvador

El Salvador's Energia del Pacifico (EDP) has targeted the IFC and World Bank in a funding proposal for the $800m Acajutla power generation project in the Central American country, sources have toldĀ LatinFinance. Debt is expected to cover roughly 70% of the project cost. A spokesperson for the IFC, however, said eventual terms of the debt financing with EDP will be voted on in December. The liquefied natural gas (LNG) project is expected to generate 378 MW of power upon completion. It comprises a

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