IFC plans to extend USD 150m to Chilean projects by end-2011
(ADPnews) - Sep 20, 2010 - The World Bank's International Finance Corp (IFC) plans to extend financing of up to USD 150 million (EUR 115m) to projects in Chile from now until the end of 2011, especially projects linked to renewable energy, IFC's regional representative, Salem Rohana, said.
The corporation is in talks to finance local wind and geothermal power projects as well as solar energy and run-of-river hydropower plants as part of its efforts to support the diversification of the energy mix.
Until now, IFC has invested in Chile's energy, financial, education and health sectors, including the 46 MW Totoral wind farm of Norwegian renewable energy developer SN Power, launched in December 2009.
(USD 1 = EUR 0.767)
Diana Hristova is our expert for Latin America. She has spent several years following the diverse industries in the region, the energy sector most of all. Now Diana is exploring Latin America’s huge wind, solar, geothermal and hydropower potential.