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New World Power Investment, S.A.

Sector: Hydro • Location: Argentina

Source: Multilateral Investment Guarentee Agency (MIGA)

Project
Not Active

MIGA issued New World Power Corporation (NWP) a $2.3 million guarantee covering NWP's $2.6 million equity investment in Salto Andersen Generación Hidraúlica, S.A. MIGA insurance covers the risks of currency transfer and expropriation. NWP proposes to develop a seven-megawatt hydroelectric power plant adjacent to the Salto Andersen diversion dam, on the Río Colorado River in the state of Río Negro

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Project Information

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The project “New World Power Investment, S.A.” is an infrastructure initiative in the Hydro sector, located in Argentina. Taiyo aggregates data on it from Multilateral Investment Guarentee Agency (MIGA).

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Participants

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not active

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Description

Description

MIGA issued New World Power Corporation (NWP) a $2.3 million guarantee covering NWP's $2.6 million equity investment in Salto Andersen Generación Hidraúlica, S.A. MIGA insurance covers the risks of currency transfer and expropriation. NWP proposes to develop a seven-megawatt hydroelectric power plant adjacent to the Salto Andersen diversion dam, on the Río Colorado River in the state of Río Negro. The project will have low capital and operating costs and a short construction period and will use an environmentally sustainable source of renewable energy. Operation of the new generators will not affect the river flow because the generating equipment will be constructed on the existing surplus flow bypass. Similarly, because the project will not divert water flow, impacts on the aquatic habitat will be minimal.

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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