April 4, 2019 |
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 insu
Multilateral agency provides $288m in local currency for a 1.34 GW project in the state of Rio