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The Overseas Private Investment Corporation (OPIC) has agreed to provide a US$124.7 million loan for the project. The non-recourse project finance facility will be disbursed in up to three portions and will have a final maturity of about 14 years. The interest rate on the loan is expected to be between 6.75% to 7.25%. Ormat intends to draw down the loan in two tranches - one of US$114.7 million at closing and one of US$10 million within two quarters from completion. Closing of the transaction is expected by the end of the second quarter of 2018
List of the country updates
Country updates
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May 01, 2018
The Honduran government has officially inaugurated the geothermal power plant
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November 17, 2017
The government of Honduras is to approve the procurement of the project
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September 21, 2016
OPIC finances for Platanares geothermal plant in Honduras
The Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, has approved support for new development projects totaling just over US$1 billion.
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June 15, 2016
Honduras has inaugurated a 43-MW biomass plant located in the Sula Valley
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January 22, 2016
Ormat Technologies has announced that one of its subisidiaries has commenced construction of the project
