IDB Invest finances FSRU project in El Salvador
IDB Invest has structured a $128.3 million package to finance a floating storage and regasification unit to be installed in El Salvador.
The project will be carried out by Invenergy, a US global energy developer; and BW LNG, an owner and operator of liquified natural gas carriers and floating storage regasification units.
The project has acquired an LNG tanker that is being converted into a FSRU with 137,000 m3 of gross LNG storage capacity. The FSRU will be for the exclusive use of the t8 MW Energía del Pacífico project, the first natural gas plant in the Northern Triangle, also financed by IDB Invest.
The financial package has a 15-year tenor and consists of a $85.8 million loan from IDB Invest and a $42.5 million loan from the Chinese Co-financing Fund for Latin America and the Caribbean, made to FSRU Ltda. de CV in El Salvador. The vessel will be anchored 1.2km offshore off the Port of Acajutla in the department of Sonsonate.
