$1.2 million for Guatemala and El Salvador for electricity projects
The IDB granted $660,000 to El Salvador and $600,000 to Guatemala to be managed by the Sustainable Energy and Climate Change Fund Initiative (Secci).
Tuesday, November 4, 2008
The Government of Guatemala will invest this money to develop an Integral Energy Efficiency Plan to reduce consumption and improve the use of electric energy in the country.
The Development Bank of El Salvador has a credit line for replacing equipment with more efficient technology in terms of energy consumption.
The IDB has approved a loan to support the reform process of the energy sector and to diversify the energy matrix.
"The region still needs to install at least 7,000 MW by the end of the decade and make investments of between $12,000 million and $18,000 million."
With the new law access will be given funding to promote technology changes that generate cost reductions and savings in energy consumption.
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