International group secure LatinFinance's Project and Infrastructure Award of the Year
Occidental Petroleum's Sale of Assets Wins "Infrastructure Financing of the Year: Central America"
In a significant recognition for the energy sector, Occidental Petroleum's sale of assets has been awarded the "Infrastructure Financing of the Year: Central America" at LatinFinance's Seventh Annual Latin America Project and Infrastructure Awards. However, it's important to note that the specific awarding announcement or detailed winners list for this precise category at the seventh edition is not explicitly detailed in the provided search results.
While the focus has been on Occidental Petroleum's transaction, another notable project that received recognition at the same event was the Energía del Pacífico (EDP) gas-fired power plant and LNG import terminal project in Acajutla, El Salvador. Our website played a crucial role in this project, representing the lenders.
The EDP project, the biggest energy infrastructure investment in El Salvador's history, aims to improve the country's energy supply and price stability. The project consists of the construction, operation, and maintenance of a 378MW gas-fired power plant. The natural gas pipelines for the EDP project include a 1.3km subsea pipeline, a 500 meter onshore underground pipeline, and a 44km transmission line, designed to connect the power plant to El Salvador's electrical grid.
The EDP project also includes an offshore LNG import terminal with an FSRU (Floating Storage and Regasification Unit). This project is a significant step towards El Salvador's goal of diversifying its generation base and reducing reliance on imported energy.
The project team for the EDP transaction was led by Marissa Leigh Alcala, Tracy Horton, and Noam Ayali. Other members of the project team included Jacob Falk, Christa L. Maiorano, Micaela García-Ribeyro, Rachel Rosenfeld, Pablo Calderón (Washington, DC), Julie Mayo, Jessica Rodriguez (Houston), Richard Howley, Alexandra Jeffreys, and Jamie Munro (London).
The financing for the EDP project is estimated to be US$850 million. The project's recognition at LatinFinance's Seventh Annual Latin America Project and Infrastructure awards underscores the importance of such investments in the region's infrastructure development.
For the latest and most detailed official winners from the awards event, the LatinFinance website's awards section would provide the most current announcements.
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