Costa Rica inaugurates largest hydroelectric plant in Central America

September 22, 2016

Costa Rica again boasts a landmark renewable energy achievement with the inauguration of the 305.5 MW Reventazon dam  and hydroelectric plant. Build fully in-house by the Instituto Costarricense de Electricidad (ICE) and funded by a mix of local and international banks, the cost for the plant came to US$1.4 billion dollars and completed three months […]

Ben Moody, President and CEO, Pan American Finance to speak at the Caribbean Infrastructure Finance Forum

September 21, 2016

New Energy Events in partnership with IJGlobal and title sponsor First Caribbean International Bank, are pleased to announce that Ben Moody, President and CEO (Pan American Finance) has joined our roster of industry leading stakeholders speaking at the inaugural Caribbean infrastructure Finance Forum. Ben has over 30 years of experience in M&A advisory, project finance, debt & equity capital […]

Rutty Paola Ortiz named New Vice Minister of Colombia’s Ministry of Mines and Energy

September 21, 2016

Columbia’s new Vice Minister for the Ministry of Mines and Energy, Rutty Paola Ortiz, will be responsible for leading a review of the country’s new electrical institutions to ensure energy security continues to improve. Vice Minister Ortiz will confront major challenges facing the oil sector and maintain progress on the  governmental PaZa La Corriente program. […]

OPIC Board approves $135m financing for Ormat geothermal project in Honduras

September 21, 2016

The Platanares geothermal project by Ormat Technologies in Western Honduras will receive financing of US$135 million from OPIC, as part of a US$1 billion commitment by the organization to fund new development projects. The Overseas Private Investment Corporation (OPIC) approved the investment for the development, construction, and operation of the 35 MW Platanares plant. As […]

St. Vincent moves forward with 10-15 MW geothermal project

September 20, 2016

The Energy Unit and the St. Vincent Geothermal Company will host two public meetings next week to discuss the ongoing geothermal energy project near the La Soufriere Volcano. As work continues on the 10 to 15 MW plant, the two agencies have decided to host sessions to inform the public of advancing plans. The first […]

Largest solar plant in the Caribbean starts producing power

September 18, 2016

An investment in excess of 160 million has resulted in the second largest solar farm in Puerto Rico and the largest of its kind in the Caribbean. Greece-based company METKA-EGN built the facility and will commission and operate it following completion later this year. CEO Andreas Mustad considers this a “landmark moment for Sonnedix”, noting that […]

Jamaica water commission signs grant agreement for energy efficiency project

September 17, 2016

A new initiative to improve energy efficiency at the National Water Commission (NWC) entered into force on September 14 via an agreement between the Jamaican Utility and the United States Trade and Development Agency (USTDA), to fund a one-year energy efficiency and renewable energy project. The project will begin by targeting those NWC facilities which […]

Port Authority of Jamaica Confirms for CARIF

September 16, 2016

Elva Williams-Richards, SVP for Finance and Corporate Planning at the Port Authority of Jamaica, has confirmed she will participate in the inaugural CARIF in Nassau in December. The Government of Jamaica recently announced that it is moving to convert the shipping ports in Montego Bay into a regional multipurpose port. At a recent press conference Dr. […]

Deputy Prime Minister of Bahamas Confirms Role in CARIF

September 16, 2016

The organizers of the Caribbean Infrastructure Finance Forum (CARIF) are proud to announce that Hon. Philip E. “Brave” Davis, Deputy Prime Minister & Minister of Works and Urban Development, has confirmed he will participate in the inaugural event in Nassau this December. In 2015, the Deputy Prime Minister asserted a commitment to developing national infrastructure […]