PROJECT

Projects

Summary of Proposed Investment

Project Number

28649

Company Name

Linea Clave International S A

Date SPI Disclosed

Apr 15, 2010

Country

Dominican Republic

Industry

Metals and Mining

Projected Board Date

May 17, 2010

Status

Completed

Sector

Natural Gas Distribution

Department

Gbl Infrastructure & Natural Resources

Environmental Category

B - Limited

Previous Events

Approved : Jun 23, 2010
Signed : Jun 25, 2010
Invested : Nov 8, 2010

Project Description

Linea Clave International, S.A. is the first natural gas distribution company in the Dominican Republic providing compressed natural gas and liquefied natural gas to industrial clients. In almost three years of operations as sole player in the natural gas market, it has established itself as the pioneer and leader in natural gas distribution in the country, with a solid reputation of technical expertise and operational reliability. Linea Clave’s business plan includes continuing to grow its industrial client base and expand its line of business to supply natural gas to hotel clusters, power generation companies, and the vehicular sector. To support its expansion plans, the Company has signed agreements with highly reputable international technology providers for the supply of equipment to handle, transport and distribute both compressed natural gas (CNG) and liquefied natural gas (LNG) to the local market. Linea Clave sources its gas supply from AES LNG import terminal through medium to long term CNG and LNG supply contracts. The Project involves the acquisition of CNG and LNG handling, storage, and transport equipment to service existing and potential clients.

Sponsor / Cost / Location

Development Impact