Costa Norte 380MW LNG power plant

Overview:

• Costa Norte 380MW LNG power plant.
• AES Panama has obtained a $291.5 million credit facility to develop the Costa Norte power plant.
• The plant, storage terminal and transport infrastructure will be located near the Atlantic Ocean entrance of the Panama Canal in Colón.
• This is the first LNG plant to be developed in Central America.
• This will also be the largest natural gas complex built in Panamanian history.
• Among the lenders were the International Finance Corporation (IFC), the Central American Bank for Economic Integration (CABEI), Bancolombia, Bancogeneral and the Global Bank Corporation.
• Legacy firm Chadbourne & Parke advised the lenders.

Kurt Stumpo - Journalist