WILLEMSTAD - Aqualectra, Curaçao’s utility company, has made history by securing a collective investment of no less than 235 million guilders this year. The funds are earmarked for major projects aimed at bolstering the island’s utility infrastructure. This marks a crucial milestone as part of a broader financing plan totaling 475 million guilders, which will support the company’s ambitious investment agenda of 760 million guilders.
The investment was divided into two tranches: an initial 85 million and a subsequent 150 million guilders. These funds, secured through local financial institutions, underscore a significant vote of confidence in Aqualectra. The company still requires an additional 200 million guilders to complete its financing goals.
Future-Focused Projects
Over the next three years, Aqualectra is embarking on transformative projects to enhance energy stability, expand the grid, and increase the use of renewable energy. Notable initiatives include:
Integration of New Wind Turbines: Recently connected to the distribution grid at Koraal Tabak.
Construction of a New Diesel Power Plant: Scheduled for completion by late 2025.
Development of a Water Plant: Expected to be operational by late 2026.
Battery Energy Storage System (BESS): The region’s largest energy storage project.
These developments aim to deliver reliable, affordable, and sustainable utility services to customers across Curaçao.
Acknowledging Financial Partners
On November 6, Aqualectra expressed gratitude to its financial partners during a gathering. These institutions include Maduro & Curiel’s Bank (the consortium’s agent), MCB Pension Fund, Algemene Pensioenfonds Curaçao (APC), Vidanova Pension Fund, ORCO Bank, RBC Royal Caribbean, Algemene Pensioenfonds Sint Maarten, Isla Pension Fund, Guardian Group, Ennia Aruba, and CIBC First Caribbean.
During the event, Neysa Isenia, CFO of Aqualectra, highlighted the profound trust demonstrated by these partners. “This is not merely an investment in our plans—it represents a commitment to Curaçao and a direct contribution to the well-being of the community we serve,” said Isenia.
Ramiro Griffith, CFO of APC, emphasized the importance of local institutions supporting Curaçaoan companies. “Investing in Aqualectra sustains our economy and reflects trust in the island’s bright future—one powered by green energy and clean water,” he remarked.
A Vision for a Sustainable Future
The morning concluded with a toast to Curaçao’s future: a sustainable, reliable, and affordable supply of water and energy. This historic investment lays the foundation for a better tomorrow, ensuring essential services for generations to come.