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Danish aid granted for Central American wind power projects
1 July 2001
Denmark's international aid agency Danida has signed an agreement with the Central American Bank for Economic Integration (Cabei) making $40 million available for development projects, including wind power. Cabei analyst Emma Midence says that any Central American registered company can apply for financing for projects within Central America, and to qualify for the credit must include at least 50% Danish content in goods and services. The credit, which covers interest payments, credit insurance costs and commissions on loans, and carries a low interest rate, is a continuation of a similar facility made available two years ago that assisted in the financing of the 6.4 MW Aeroenergia and the 24 MW Tierras Morenas wind farms, both in Costa Rica.
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