Rig Sky, by Steven Fercho. Ormat's Platanares, Honduras project. 2017 GRC PHOTO CONTEST |
Following the closing, Ormat received a disbursement of $114.7 million representing the full amount of Tranche I of the OPIC non-recourse project finance loan that will carry a fixed interest rate of 7.02% per annum with a maturity of approximately 14 years. The closing of the second tranche of up to $10 million is expected during the first half of 2019.
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From the Global Geothermal News archives:
- Thursday, May 3, 2018 - Honduras: Ormat Signs Finance Agreement for 35 MW Geotérmica Platanares Geothermal Power Plant
- Monday, April 30, 2018 - Honduras: Newly Inaugurated 35 MW Geotérmica Platanares Geothermal Power Plant Supported by Financing from U.S. Overseas Private Investment Corporation
- Tuesday, September 26, 2017 - Honduras: 35 MW Platanares Geothermal Plant Starts Commercial Operation