(EMPLA) April 20, 2011 – EMP Latin America (EMPLA) announced the acquisition of a significant shareholding position in hydroelectric power company Hidroelectrica Rio Las Vacas, S.A. (HRLV), a run-of-the-river plant with 45MW of installed capacity operating since 2002, located in Guatemala. The transaction was structured through the Central American Mezzanine Infrastructure Fund, L.P. (CAMIF).
The investment provides CAMIF with exposure to a well-developed and evolving energy market, with solid prospects of increasing demand and a dispatch system based on marginal cost of production, a favorable environment for HRLV. The company is registered as a Clean Development Mechanism project under the Kyoto Protocol.
EMPLA is a private fund manager dedicated to Latin America. It was formed as a joint venture between LAP Latin American Partners, a company founded by senior members of EMP Global’s Latin American team, and EMP Global, a leading private equity fund manager focused on emerging markets. CAMIF, a US$150 million investment fund, invests and offers financing to private infrastructure companies and projects in Central America, Mexico, Colombia, and the Dominican Republic. The Fund focuses on traditional infrastructure projects, such as transportation, energy and telecommunications, and is also able to invest in related sectors, such as natural resources, health & education, tourism, agribusiness, housing, and water & sanitation.
Chadbourne & Parke LLP acted as transaction counsel to CAMIF, with Arias & Munoz Guatemala acting as local counsel.