The Inter-American Development Bank (IDB) has approved a US$125 million loan for a 500 kV and 544 km power line that will help Ecuador and Peru connect their electrical grids.
The European Investment Bank is expected to contribute an additional US$125 million to the project. The works will be owned and operated by Empresa Pública Estratégica Corporación Eléctrica del Ecuador (CELEC EP) and it will put up an additional US$13.62 million in local counterpart funding.
The project is under a private concession contract that includes 30 years of commercial operation. It has a 23-year term, with a 7.5-year grace period and a SOFR-based interest rate.
Country updates
-
-
November 21, 2022
Consultant sought for Hospital O&M PPP in Peru
The Agency for the Promotion of Private Investment in Peru (Proinversion) has issued an expression of interest (EOI) seeking a consultant for the operation and maintenance (O&M) of the N...
Read more -
November 18, 2022
USD54 million Contract awarded for Transmission PPP projects in Peru
The Private Investment Promotion Agency (Proinversión) of Peru has awarded ACCIONA a USD54 million contract for electricity transmission network that will benefit 1.3 million people i...
Read more -
November 15, 2022
MINEM signes 2 contracts for electrical infrastructure projects in Peru
The Ministry of Energy and Mines (MINEM) signed two concession contracts with the company Concesionaria Transmisora Reque Tumbes S.A.C. that will allow the carrying out of new electrical infrastructur...
Read more -
October 31, 2022
Contract signed for education PPP in Peru
The Private Investment Promotion Agency (PROINVERSION) has annouced that the Ministry of Education (MINEDU) and the company Concesionaria de Colegios de Alto Rendimiento S.A.C. (Marhnos) sig...
Read more -
October 26, 2022
Marguerite II acquires 100% stake in Red de Calor de Cuenca (RCC)
The Marguerite II, a pan-European infrastructure fund has acquired 100% stake in Red de Calor de Cuenca (RCC), a project company that will build, commercialize and operate a greenfield...
Read more
