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Projects

Project Brief

Summaries of proposed guarantees are provided prior to Board consideration and before final contract signing, and they are therefore subject to change. Project briefs are disclosed after Board consideration and contract signing and reflect the terms of the project at the time of contract signature. Environmental and Social Review Summaries are provided for projects assigned an Environmental Assessment Category of A or B.

 

Project name
Compania Hidroelectrica Dona Julia, S.R.L.
Project ID
729
Fiscal year
1998
Status
Not Active
Guarantee holder
Scotia Mercantile Bank
ERI Holdings II
Investor country
United Kingdom
Cayman Islands
Host country
Costa Rica
Environmental category
A
Sector
Power
Gross exposure
 $11.4 million
Project type
Non-SIP

In its first power project in Costa Rica, MIGA issued $11.4 million in coverage to ERI Holdings II and Scotia Mercantile Bank, for their equity investment and loan, respectively, to construct a run-of-the-river hydroelectric power plant. The guarantees include coverage against the risks of transfer restriction and expropriation.

The project, located northeast of San José in the province of Heredia, will use the waters of the Puerto Viejo River and Quebradon Creek to generate an estimated average annual net production of approximately 88 gigawatt hours. The project will also provide training to employees on standards and procedures in the operation and maintenance of the power plant and turbines.

Note: Contract with ERI Holdings II has been cancelled.

 
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