Simpson Thacher Represents SIBA Energy in Financing of Thermoelectric Plant in the Dominican Republic
03.16.23
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The Firm recently represented SIBA Energy Corporation ("SIBA Energy") in a DOP$4.1 billion senior loan made available by Fondo De Inversión Cerrado Libre para el Desarrollo de Infraestructuras Dominicanas I and arranged by CIFI Latam. The proceeds of the loan will be used for the development, construction and operation of a 252 MW combined-cycle gas fired power plant in the Dominican Republic.
SIBA Energy is a consortium between Empresa Generadora de Electricidad Haina S.A. (EGE Haina), SGN Energia and Monte Rio Corporation.
The Simpson Thacher team included Jaime Mercado, Juan M. Naveira, Amy Beller and Jomar Vargas (Corporate – Latin America); Jeanne Annarumma (Executive Compensation & Employee Benefits); and Jonathan Cantor and William Smolinsky (Tax).