"Supporting renewable-energy projects is at the core of the IFC's climate change strategy in Latin America and the Caribbean," says IFC director Paolo Martelli.
Peruvian plant wins $250m from IFC
The International Finance Corporation (IFC), a member of the World Bank Group, will provide long-term financing of up to $250m for the 168MW Cheves hydro plant being built in Peru by SN Power. SN Power, which operates eight hydro plants in Peru with a capacity of 273MW, won the right to build the $400m dam in October 2009.
6 January 2011 23:00 GMT
Updated
25 November 2012 15:18 GMT
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