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Bladex and Scotiabank lead US$100 million loan for EGE Haina
BLXBanco Latinoamericano de ercio Exterior(BLX) Prnewswire·2025-03-13 20:44

Core Insights - The successful closing of a US100millionsyndicatedloanforEmpresaGeneradoradeElectricidadHaina(EGEHaina)highlightsthecommitmentofBancoLatinoamericanodeComercioExterior(Bladex)andScotiabanktosupporttheenergytransitionandsustainabledevelopmentintheDominicanRepublic[2][4]Group1:LoanDetailsandPurpose−ThesyndicatedloanadherestotheGreenLoanPrinciples(GLP)andaimstosupportEGEHainaindevelopingitsrenewableenergyassetsplatform,aligningwiththenationalgoalofincreasingrenewableenergyintheDominicanRepublic′senergymatrix[1][3][6]−EGEHainaplanstousetheproceedsfromtheloantoenhanceitsgrowthstrategyfocusedonrenewableenergygeneration[3][5]Group2:CompanyProfiles−EGEHainaisaleadingelectricitygeneratorintheDominicanRepublic,withoverUS100 million syndicated loan for Empresa Generadora de Electricidad Haina (EGE Haina) highlights the commitment of Banco Latinoamericano de Comercio Exterior (Bladex) and Scotiabank to support the energy transition and sustainable development in the Dominican Republic [2][4] Group 1: Loan Details and Purpose - The syndicated loan adheres to the Green Loan Principles (GLP) and aims to support EGE Haina in developing its renewable energy assets platform, aligning with the national goal of increasing renewable energy in the Dominican Republic's energy matrix [1][3][6] - EGE Haina plans to use the proceeds from the loan to enhance its growth strategy focused on renewable energy generation [3][5] Group 2: Company Profiles - EGE Haina is a leading electricity generator in the Dominican Republic, with over US1.6 billion invested in a diversified and sustainable electricity generation matrix, boasting an installed capacity of more than 1,200 MW [10] - Bladex, founded in 1979, promotes trade finance and economic integration in Latin America and the Caribbean, providing financial solutions across the region [7] - Scotiabank, with assets of approximately US$1.4 trillion, aims to be a trusted financial partner and deliver sustainable growth [9]