IFC funds Brazilian power plant

IFC funds Brazilian power plant

Loans Project & Infrastructure Finance Energy Gas Brazil

IFC said it has provided a 15-year loan in local currency for the equivalent of $288m to fund construction of a liquefied natural gas (LNG) power plant in Brazil. Gás Natural Açu (GNA), a joint venture with Prumo Logística, BP and Siemens, is building the 1.34 GW facility in Porto de Açu in the state of Rio de Janeiro. GNA has also received BRL1.76bn ($457m) in financing from the national development bank BNDES with guarantees from the German export bank KfW IPEX-Bank and the French credit insur

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