Project detail - HIDRONORMANDIA S.A.

HIDRONORMANDIA S.A.

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Who is our client

Hidronormandia S.A is a special purpose vehicle incorporated in Ecuador to develop and construct a run-of-river hydroelectric power plant.

Funding objective

FMO’s funding will be used to construct a 49.6 MW run-of-river hydroelectric power plant and an 85km transmission line. The project site is located on the Upano river in the South East of Ecuador near the city of Macas in the Morono Santiago province.

Why we fund this project

The country of Ecuador is in need of additional power and incentivizes small and medium sized hydropower plants to be constructed. The project will supply renewable and low cost energy to the national grid. Long term debt financing is not readily available in Ecuador.

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Date Total FMO financing
4/19/2017 EUR 0.12 MLN
Region
Latin America & The Caribbean
Country
Ecuador
Sector
Energy
Signing date
1/13/2017
Total FMO financing
USD 15.00 MLN
Fund
FMO
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk Environmental & Social Category
(A, B+, B or C)
A