Panama: $100 million for Energy Sector
The IDB will grant a $100 loan for the renovation and diversification of the Panamanian energy sector.
Friday, March 20, 2009
According to Mipunto.com, the press release from the Inter-American Development Bank (IDB), said: "Under the loan terms, Panama undertook to consolidate the energy sector's institutional capacity, including personnel training to adopt and implement consistent energy policies."
Countries may submit projects to the Inter-American Development Bank and the Japanase International Cooperation Agency in order to apply for funding.
This week a Japanese trade mission will arrive in the country looking for business opportunities in the alternative energy sector.
Organized by the Union of Industrialists of Panama (SIP) and the Secretary of Energy, the event will be held on 10th and 11th of October at the Hotel El Panama.
The entity will fund up to 40% of the cost of the plants required by the tender held by Distribuidora Del Sur.
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