Latin lender funds Colombia's El Molino, San Matias projects

摘要

Inter-American Investment Corp. (IIC) has approved a US$12 million loan for development, construction and operation of the 19.9 MW El Molino and 19.9 MW San Matias projects on Colombia's San Matias River. Project developer PCHS Los Molinos S.A.S. E.S.P. was formed by Panama renewable energy company Lareif in 2012 to develop the two small run-of-river hydro projects. Upon commercial operation in 2016, the two plants are to generate a combined 244 GWh annually from Colombia's Antioquia Department.