Energía 2000 lands $500M loan for Dominican power project
What's the deal? Dominican developer Energía 2000Dealroom has a profile for this one. Try Dealroom → has secured a $500 million syndicated loan to build the Manzanillo Power Land Project, a 414-megawatt combined-cycle natural gas facility in Monte Cristi. Greenberg TraurigDealroom has a profile for this one. Try Dealroom → provided legal counsel on the financing.
What's the endgame? The project extends beyond the plant itself. It includes a liquefied natural gas floating storage and regasification unit, a maritime terminal, and a natural gas pipeline system.
A new 345-kilovolt transmission line spans 128 kilometres, linking the plant in Pepillo Salcedo to El Naranjo in Santiago. That connects the facility to the Dominican Republic's National Interconnected Electric System, aiming to steady electricity supply across the region.
Who's behind it? The loan was arranged by a syndicate of 12 lenders from the Dominican Republic, Panama, Costa Rica, and Guatemala, governed by a credit agreement under New York law. Notably, it was structured without a sovereign guarantee.
Greenberg TraurigDealroom has a profile for this one. Try Dealroom →'s team was led by Marc M. Rossell of its Latin America Practice, with shareholders Oscar Stephens in New York and Shashank Krishna in London. Estrella TupeteDealroom has a profile for this one. Try Dealroom → acted as local counsel in the Dominican Republic.
The signal: The developers call Manzanillo the largest single addition to power generation in the Caribbean in over a decade. Financed without a state guarantee, it points to growing private-sector appetite for large-scale energy infrastructure in Latin America.
Read more: Third News
Image credit: Western Area Power Admin
