Century Energy Small Hydro Power Plants

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Century Energy Corp., a subsidiary of Colombia's Helm Group, owns and operates four hydro power plants: Central La Cascada (2.3 MW); Central Caruquia (9.5 MW); Central Guanaquitas (9.8 MW); and Central Barroso (20.4 MW). All plants were located at Santa Rosa de Osos, Antioquia, and were set to supply electricity to the national grid. The first unit to became operational was the La Cascada plant, which was commissioned in June 2007. The project involved an investment of US$ 3.5 million. Central Caruquia became operational in October 2008, while Central Guanaquitas commenced operations in June 2010. The sponsor invested US$ 21.5 million in the Caruquia power plant and US$ 22.2 million in the Guanaquitas power plant. The power plants were financed with a US$ 15.5 million financing package granted from the IIC in December 2008. Also in December 2008, the IFC granted US$ 15.5 million to finance both power plants. In 2012, a new hydro power plant commenced operations. The 20.4 MW plant named Barroso involved investments of US$ 45 million. Carbon credits were requested to the following projects: Caruquia - January 2011; Guanaquitas - January 2013; Barroso - September 2011.