Termotasajero S.A. E.S.P.

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MIGA insurance of $62.4 million covers the investment by Dunriding Company N.V. of the Netherlands in the acquisition, expansion, and modernization of a 150-megawatt coal-fired thermal plant near Cucuta city, in Colombia. MIGA insures the investment against the risks of transfer restriction and war and civil disturbance. The project will upgrade environmental monitoring and compliance and expand the distribution activities of the thermal plant. A phased expansion will increase capacity by 300 megawatts in two years. The project will involve considerable transfer of technology. Training will be provided in plant operations, maintenance and use of technology. Management courses for plant executives and computer training will be offered. Downstream businesses that will benefit from the project include engineering firms, equipment suppliers, plant operators, fuel specialists, technology providers, and insurance and financial services firms.

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