Anchoris LNG Power station

active

The project entails the construction and operation of a 40 MW liquefied natural gas power plant located in Anchoris, Mendoza province. Project is being undertaken by Methax, a project company owned by a power investor Grupo Galileo. Methax was awarded the Mendoza power plant project, with a 10 year fixed fee and gas sale contract, in the tender issued by CAMMESA, the national grid system operator, on behalf of the Ministry of Energy in Argentina. Total investment is $100 million. Finnfund has provided a senior loan facility worth $20 million to support the construction of the plant. No other lenders have been reported to have participated in the project. Hence, it is assumed that the remaining cost was funded by the sponsor - Galileo Group. Project's construction took 9 months and was inaugurated in late 2017. https://www.finnfund.fi/ajankohtaista/uutiset17/en_GB/Methax/ http://www.ngvjournal.com/s1-news/c1-markets/galileo-and-mendoza-authorities-open-first-power-plant-with-self-supply-of-gas/ https://www.wartsila.com/media/news/04-01-2017-wartsila-to-supply-40-mw-fast-track-power-plant-to-argentina