infrastruCaribe
Weekday edition 2021-06-22
infrastruCaribe Weekday is a weekly PHC Infrastructure Newsletter, published on Tuesdays, which depicts the current investment in sizable physical and social infrastructure and status of implementation on their respective Caribbean Islands.
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US Gov. earmarks US$4B for DR energy sector
Santo Domingo.- The government of the United States will back an ambitious North American private investment program to develop the national electricity sector, with a cost of US$4.0 billion over the next four years. Official sources explained that the objective of the project is to definitively solve the country’s energy problem and put it in a position to export energy, mainly to Haiti and other Caribbean countries. Preliminary details of the plan have already been discussed in Washington by President Joe Biden with officials and private investors. In a general sense, EL DIA was told that the plan could include another US$4.0 billion in the following four years to the first stage (2024-2028).
AES Dominicana issues a US$300M bond at 5.70%
Santo Domingo.- AES Dominicana successfully placed in the international market a debt issue for 300 million dollars at an interest rate of 5.70% per year, the most competitive rate reached by Dominican companies in the foreign capital markets. The placement maturing in 2028 placed in New York piqued interest among the more than 130 different accounts of institutional investors throughout the United States, Europe and Latin America, capturing a demand of more than US$3.0 billion. “This has been our most competitive placement in the 16 years in which AES Dominicana has been in the local and international capital markets, as a clear sign of confidence in the company and in the rational future expansion of the country’s electricity market”, said Edwin De los Santos, President of AES in the country. […]
Bank, power company issue joint US$100M ‘green bond’
Santo Domingo.- The Haina Electricity Generating Company (EGE Haina) is the first Dominican company to establish a trust for the issuance of fixed income securities with environmental impact, “green bonds,” for US$100 million, based on one of its renewable power plants, whose structure was assisted by the Investment Banking Area of Banco Popular Dominicano and will be launched on the market and managed by Fiduciaria Popular, subsidiaries of Grupo Popular, the financial entity announced Sunday. “The Larimar I Securities Public Offering Trust will have as its main underlying asset the economic rights of the Larimar I Wind Farm, owned by EGE Haina, after having received approval of its constitution from the Superintendence of Securities Market of the Dominican Republic (SIMV),” says a statement. The issuance program, structured under the guidelines […]
MPC Caribbean Clean Energy buys 33.4MW solar park in Dominican Republic
MPC Caribbean Clean Energy Limited has purchased the 33.4 megawatt (MW) solar park Monte ...
Haiti - Technology : A French firm will design, install and operate 12 Mw of solar energy in Caracol - HaitiLibre.com : Haiti news 7/7
Following the call for tenders launched in November 2020, the Ministry of the Economy and Finance selected the French firm Akuo Energy to design, install and operate in the Caracol Industrial Park...
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