OUR HERITAGE
AgriCorp
US$22MM Debt Raise for 12-MW Biomass Power Plant in Nicaragua
The biomass facility is able to produce 84 million kWh of electricity per year for 25 years. The station is fueled by rice husk as a secondary fuel and rice straw as a backup fuel.
Sector
Energy and Natural Resources
Amount Raised
US$22,000,000
Deal Type
Capital Raising
Unique Challenge
Renewable and sustainable biomass power
Sub-sector
Biomass
Year
2019
Type of Financing
Debt
Deal Impact in Numbers
Energy savings of up to US$1MM per year
Lender
DEG
SDGs

Borrower
Agricorp
Deal Impact in Lives
The project not only generated significant costs savings in electricity costs, but reduced the carbon footprint of their operation
Location
Nicaragua

