Proparco today announced a USD 48.5 million loan, alongside FMO, to EREC in order to finance the construction of a 51 MWp solar PV park located in the west coast of Jamaica. The Paradise Park solar PV plant will be the second and largest solar power plant in Jamaica.

Proparco and the IIC (member of the IDB Group) have signed a long-term financing package with Kingston Freeport Terminal Limited (KFTL), owned by the French group CMA CGM.

IDB Invest and Proparco, alongside Sagicor Bank Jamaica Limited and the Development Bank of Jamaica, jointly finance the development, construction and operation of Rio Cobre Water Treatment Plant.