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DnB NOR and FMO finance Panama hydro project
02 November 2011
DnB NOR and FMO have signed financing for the Bajo Frio hydropower project for Norway’s SN Hydro and Panamanian conglomerate Credicorp.
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DnB NOR
FMO
DEG
Proparco
Panama
Hydro project
DFIs
development finance institutions
Panama’s Bajo Frio hydropower project secured $155 million in debt financing for the development of a 58 MW run-of-river scheme located in the lower part of Rio Chiriquí Viejo in western Panama.
The facility is a 15-year term loan arranged by the Netherlands Development Finance Company (FMO) and Norwegian commercial bank DnB NOR – each with a $47.5 million take. Also participating in the financing are French...
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