IFC, a member of the World Bank Group, and the IFC Global Infrastructure Fund (GIF), a fund managed by the IFC Asset Management Company (AMC), have invested a combined US$100 million in Orazul Energy Partners LLC, an affiliate of Orazul Energy Holdings LLC, an energy platform in Latin America owned by I Squared Capital.
Energy Finance & Investment News in Ecuador
The Inter-American Investment Corporation (IIC) has signed a US$78 million financing package with Hidronormandia S.A. to support the construction and operation of a run-of-the-river hydropower plant and transmission line in Ecuador.
Duke Energy has reached an agreement to sell its international businesses in Peru, Chile, Ecuador,Guatemala, El Salvador and Argentina to I Squared Capital for approximately $1.2 billion enterprise value (cash and the assumption of debt)
The Government of Ecuador will concession the Central Sopladora hydroelectric project, which started operations on August 25th.
Abastible has agreed with Repsol S.A. the acquisition of the latter’s GLP operations in Peru (Solgas) and Ecuador (Duragas), not including Repsol’s activities in the GLP auto retail business.
Amerisur Resources signs agreement with Petroamazonas for the construction of Ecuador-Colombia oil pipeline
Amerisur Resources has announced the signing of an agreement with Petroamazonas for the construction and use of an Ecuador-Colombia interconnector pipeline for transport of its crude oil.