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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
Termotasajero S.A. E.S.P.
Project ID
2888
Fiscal year
1999
Status
Not Active
Guarantee holder
Dunriding Company N.V.
Investor country
Netherlands
Host country
Colombia
Sector
Power
Gross exposure
 $62.4 million
Project type
Non-SIP

MIGA insurance of $62.4 million covers the investment by Dunriding Company N.V. of the Netherlands in the acquisition, expansion, and modernization of a 150-megawatt coal-fired thermal plant near Cucuta city, in Colombia. MIGA insures the investment against the risks of transfer restriction and war and civil disturbance.

The project will upgrade environmental monitoring and compliance and expand the distribution activities of the thermal plant. A phased expansion will increase capacity by 300 megawatts in two years.

The project will involve considerable transfer of technology. Training will be provided in plant operations, maintenance and use of technology. Management courses for plant executives and computer training will be offered. Downstream businesses that will benefit from the project include engineering firms, equipment suppliers, plant operators, fuel specialists, technology providers, and insurance and financial services firms.

 
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