IDB provides more funds to landmark power project in El Salvador

Shearman & Sterling LLP in New York, Ramón y Cajal Abogados in Madrid and Arias (El Salvador) have helped two subsidiaries of Norway’s BW Group and US investor Invenergy obtain a US$130 million loan from the Inter-American Development Bank (IDB) to fund the purchase and modification of a liquified natural gas (LNG) carrier.