World Bank backs Panama gas plant with $150 million

The World Bank’s International Finance Corporation reported a $150 million loan to finance Central America’s first liquefied natural gas plant, which is due to come on stream in Panama in 2018.

The plant will fire a 350-megawatt generation unit being built by AES Panama, located on Telfers Island in the province of Colon. The project requires total investment of $800 million, AES says.

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