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Orzunil I de Electricidad, Limitada

Sector: Geothermal • Location: Guatemala

Source: Multilateral Investment Guarentee Agency (MIGA)

Project
Not Active

MIGA issued separate guarantees of $4.5 million and $8.5 million, respectively, to Ormat International, Inc. of the United States, a subsidiary of Israel-based Ormat International, Inc., for its equity and loan investments in the construction and operation of a 24-megawatt geothermal power plant in Guatemala. MIGA guarantees cover the risks of transfer restriction, expropriation, and war and civi

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The project “Orzunil I de Electricidad, Limitada” is an infrastructure initiative in the Geothermal sector, located in Guatemala. 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 separate guarantees of $4.5 million and $8.5 million, respectively, to Ormat International, Inc. of the United States, a subsidiary of Israel-based Ormat International, Inc., for its equity and loan investments in the construction and operation of a 24-megawatt geothermal power plant in Guatemala. MIGA guarantees cover the risks of transfer restriction, expropriation, and war and civil disturbance. IFC will provide equity and debt financing to the project. The first geothermal plant in Guatemala, Orzunil I., S.A. is also MIGA's first project in the country. The plant, to be located in the province of Quetzaltenango, 200 kilometers west of Guatemala City, will make an important contribution toward alleviating power shortages in that province. Employees will receive training in technology, design, operations, and maintenance.

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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