PCHs Los Molinos S.A.S. E.S.P.

closed

Los Molinos Project consists of the development, construction and operation of two small run of the river hydroelectric plants to be located in the Municipality of Cocorna, Department of Antioquia (PCH El Molino and PCH San Matias). Each plant will have an installed capacity of 19.9 MW and will collectively generate 246 GWh of clean energy per year. The Project is being developed by LAREIF, a Panamanian company owned by Century Energy Corporation and The Cornerstone Group. LAREIF invests in renewable energy projects, has developed eight projects, of which five are operating and three are under construction for a total of 146 MW. The engineering, design, construction and supervision of the civil works of the Project will be undertaken by HMV Ingenieros (“HMV”), a major engineering firm in Colombia with experience in energy-related EPC Projects. The Project cost is estimated at US$ 125 Million. The two plants are expected to begin commercial operations in 2016.With this operation, the IIC will be supporting the development of small hydroelectric projects in Colombia by providing long term financing (up to seventeen years). The project will contribute to increasing Colombia’s installed power generation capacity and supplying additional electricity to meet the country’s energy demand. Run-of-river hydroelectric projects are a very low cost source of energy. The project will help increase the portfolio of low cost hydropower energy generation assets in Colombia.