Colombian company, Elecnorte S.A.S, is seeking a financing package from the International Finance Corporation (IFC) of World Bank for its planned electric power transmission project in La Guajira, northern Colombia. 

The project involves the design, construction, operation, and maintenance of a 138km, 100kv regional transmission line and the refurbishment of three existing sub-stations. It is expected to cost about US$116.7 million and will be financed through a 75:25 Debt to Equity ratio.

Elecnorte proposed a loan of up to US$20 million, a B/MCPP Loan for up to US$70 million and the remaining US$29.2 million will be sourced from capital sponsors. IFC intends to provide the full financing package through its mobilization in local currency. The proposal is scheduled to be considered by the IFC Board on 19 March 2019.