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Financial News: PRUMO: Company Reports Talks With World Bank For

PRUMO: Company Reports Talks With World Bank For Power Plant Financing

04/02/2018 - 12:06:00 (RTTNews)

(RTTNews) - The Brazilian company Prumo Logistica said that its subsidiary Gis Natural Alu (GNA) is in talks with the International Finance Corporation (IFC), a private financing institution of the World Bank, on a potential loan to develop the first thermoelectric plant to be installed in the Port of Alu.

However, the company said that, so far, no deal has been reached. Prumo's statement comes after a report by "Estado de S.Paulo" newspaper stating that the World Bank could lend US$ 355 million to finance the power plant in Port of Alu.

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