Colinversiones Gets Multilateral Support

Colombian power plant holding company Colinversiones is getting $150m in financing from the IFC, CAF and DEG to build the Flores IV project, which will increase the plant’s power generation capacity by 38% to 610 MW. The total cost of the project is estimated to be $188m. The loan matures in 11 years. CAF’s participation in the deal totals $62.5m; the IFC’s is $62.5m, and DEG is lending $25.0m.