ContourGlobal refinances Caribbean plants

ContourGlobal refinances Caribbean plants

Debt Loans Energy Electricity Project & Infrastructure Finance Caribbean United Kingdom

British power company ContourGlobal has refinanced three thermal power plants in the Caribbean with a $124 million loan from Scotiabank, the lender's legal adviser, Clifford Chance, said in a press release. The refinancing cane be increased through an accordion feature in case the plants enter new power purchase agreements (PPAs), Clifford Chance said. The plants each have a long-term PPA with government-owned entities with a combined generation capacity of 274 MW, according to the law firm. Las

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