Argentina’s BICE, Banco Galicia loan USD 7.5m to 8-MW biomass project

  • 0
960 426 Miguel Ángel Martínez

The Argentine development bank BICE and Banco Galicia have agreed to finance an 8-MW biomass plant through a syndicated loan of up to USD 7.5 million (EUR 6.6m) with a term of five years.

Located in Puerto Tirol, Chaco province, the biomass facility will require a total investment of USD 15 million. It is owned by Seismega SA and was awarded in the second round of the RenovAR tender. Construction works have already begun and completion is scheduled for the beginning of 2020, BICE said.

The power plant will use the biomass resulting from the extractive process of Seismega’s parent company Unitan SAICA to generate clean energy to be injected into the Argentine Interconnection System (SADI), the development bank noted in its press release.

  • 0

Leave a Reply

Your email address will not be published.

Uso de cookies

Este sitio web utiliza cookies para que usted tenga la mejor experiencia de usuario. Si continúa navegando está dando su consentimiento para la aceptación de las mencionadas cookies y la aceptación de nuestra política de cookies, pinche el enlace para mayor información. ACEPTAR

Aviso de cookies