Amsterdam /Oslo -19 February 2024 -MPC Energy Solutions ("MPCES", "Company") announced today that it is nearing the start of construction of its 65 MWp solar PV plant San Patricio inGuatemala . The Company is working on finalizing the relevant construction and financing agreements in the next two weeks. As reported by the Company inFebruary 2023 , the plant, once completed, will deliver energy to theIMSA Group , the country's leading processer of sugarcane and refiner of sugar. Total investment costs for the project are estimated to be betweenUSD 45 andUSD 50 million , and MPCES expects to close a project finance facility covering around 80% of the total investment costs. The Company will share more detailed information on the project in due course.
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