Fondo de Inversión Cerrado de Desarrollo de Infraestructuras Energéticas I (FICDIE I)

22 de noviembre 2023

REGRESAR A NOTICIAS

Haina Investment Company (HIC) has contributed its shares in Empresa Generadora de Electricidad Haina (EGE Haina) to the Fondo de Inversión Cerrado de Desarrollo de Infraestructuras Energéticas I (FICDIE I), a close-ended, regulated and publicly listed investment fund, administered and managed by AFI Universal as Fund Manager and Trelia Energy Advisors as Industry Specialist Manager. Concurrently, HIC received shares in FICDIE I, thus maintaining its majority position and control of EGE Haina. In the coming weeks, HIC will also contribute its shares in Manzanillo Gas & Power to FICDIE I.

This transaction represents the formal launch of FICDIE I to the market; a collective investment vehicle in the Dominican Stock Market with an approved limit of up to one billion dollars (USD 1,000,000,000), with a thirty-year term.

This investment fund opens the opportunity for investors to become indirect shareholders of EGE Haina and to participate in the development of a pipeline of energy projects in the country totaling more than 1,000 megawatts. These include EGE Haina's new renewable power plants, as well as Manzanillo Gas & Power's natural gas terminal and a 420 MW combined cycle gas -fired plant.

EGE Haina is the most important power generator in the Dominican Republic and the largest renewable energy platform in the Caribbean. It has 13 operating generation plants with a total installed capacity of 1,115 MW. More than 80% of its energy sales are contracted under long-term PPA contracts denominated in U.S. dollars.

The monitoring of the Fund's investments, as well as the origination and advisory for new business is managed by Trelia Energy Advisors Inc. in its role as Industry Specialist Manager. AFI Universal is the Fund's administrator, in accordance with it’s the Fund Prospectus.

Trelia is an advisory and asset management firm focused on investments in the energy and infrastructure sectors in Northern Latin America. The firm currently co-manages INICIA's energy fund. INICIA is a private asset management firm that operates in partnership with specialized asset managers focused on the Northern Latin America Region (NOLA) whose goal is to generate long-term value for investors, partners, and associates.

AFI Universal is one of the largest fund management companies in the Dominican Republic's securities market with more than US$500 million in assets under management. It is backed by Grupo Universal's 59-year track record of providing innovative insurance, financial and fiduciary services.

FICDIE I will raise capital for the development of energy transition projects that will be decisive in reducing the Dominican Republic’s electric sector total CO2 emissions and meeting the country's growing energy demand, thus contributing to national economic growth and the well-being of the Dominican population.

We would like to acknowledge and thank the fundamental support provided by all public sector entities for the launching of this fund, which is evidence of the confidence in the economic future of the country and the commitment to the sustainable development of the national energy sector.

The ‘Fondo de Inversión Cerrado de Desarrollo de Infraestructuras Energéticas I’ is registered in the Dominican Republic's Securities Market Registry under number SIVFIC-058 and RNC 1-32-50402-1.

Comparte