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Carrillo y Asociados closes important deal for US geothermal

In May, 2009, working with a team of prestigious local and US lawyers, Carrillo y Asociados closed a US$42 million bond issue on behalf of Nevada-based geothermal power company Ormat Technologies, Inc. (NYSE: ORA), Nevada, USA.

Carrillo y Asociados advised Ormat in the issue of bonds by its local subsidiary Ortitlan Limitada. The financing came from Los Angeles based investment management group TCW Global Project Fund II, Ltd.

The deal will refinance Ormats initial investment in the development and construction of a 20MW geothermal power plant located in Lake Amatitlan , close to Guatemala City . 

The financing confirms the stability of the Guatemalan electricity sector and allows the development of more electricity generation based on renewable sources, improving the technological mix of the country’s power infrastructure.

 Related links:  

http://www.ormat.com/news.php?did=137&aid=38e58e27650663504c637ecaee561ea3

http://www.elperiodico.com.gt/es/20070303/actualidad/37361/

http://www.summanews.com/es/article/business_commerce/42_millones_para_energia_geotermica_en_Guatemala

http://www.americaeconomia.com/275676-Guatemala-US$-42M-para-expansion-de-planta.note.aspx

http://article.wn.com/view/2009/05/22/Ormat_announces_debt_financing_for_Guatemala_plant/

http://www.energycurrent.com/index.php?id=3&storyid=18233

http://www.altenergystocks.com/archives/2005/11/ormat_buys_added_stake_in_geot.html

 

 

 

 

 

 

 

 

 

 

 

 

 





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