Termo Caribe Gas-Fired Power Plant

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This project involves the construction of Termo Caribe Gas-Fired Power Plant, located in Santa Rosa, Bolivar Department, Colombia. The dual fuel reserve power plant has a planned generated capacity of 42MW. The total amount of the investment is $69.69 million and sponsor is Termo Caribe S.A.S. E.S.P.. The dual fuel reserve power plant benefits from a reliability charge providing a fixed monthly USD indexed income to the project. The plant is expected to reach commercial operations in June 2023 and was financed with a 65:35 debt to equity ratio, which included a $45.43 million from MUFG Bank and $24.26 million in equity. The financing was structured through term loans and a letter of credit facility and financial close was achieved on December 7th, 2022. Realfin https://www.cuatrecasas.com/en/global/art/cuatrecasas-advises-mufg-bank-on-financing-of-termo-caribe-project https://www.nortonrosefulbright.com/en/news/dd840b65/sao-paulo-lawyers-lead-project-financing-for-57-mw-colombian-power-plant https://www.tagmydeals.com/Deals/DealData/20098?title=Termo-Caribe-Dual-Fuel-Power-Generation-Project-Financing