$12.5 million for Panamanian electric company.

The government Electric Transmission Company will sign a $12.5 million contract with IDB to increase electrical capacity in Colon and Bocas del Toro.

Monday, November 10, 2008

According to a release by the State Communications Secretary, the loan, authorized by the Cabinet, will increase electrical distribution capacity towards the province of Colon in the Caribbean and during the second stage will establish a new electrical circuit in Bocas del Toro (to the West).

More on this topic

Nicaragua: $33 Million Approved for Solar Power

June 2016

The National Assembly has approved a loan of $33 million with the South Korean bank Eximbank, to install solar panels in 15 municipalities, and another $10 million for electrification works in the Caribbean.

The $33 million loan with the Import and Export Bank of South Korea will be used to fund the installation of solar panels in 15 municipalities in the Autonomous Region of the North Caribbean, the Autonomous Region of the South Coast and in the department of Rio San Juan .

Nicaragua: $43 million for Electricity Works

December 2015

With a loan from the IDB works will be carried out on electrical transmission infrastructure in 16 municipalities in the center and north of the country.

The project profile published on the website of the Inter-American Development Bank indicates that one feature of the project is "... Improving transmission infrastructure to support increased comprehensive coverage ", for which $37.31 million has been earmarked.

Nicaragua: $14.3 million for Electricity

August 2014

The National Assembly has approved a loan from the European Investment Bank to expand electricity coverage in rural areas.

The government plans to implement the project in 3000 rural communities in different areas of the country, including the Caribbean coast. With this investment in the power grid coverage is expected to increase in rural areas from its current 64% to 86%.

Costa Rica: $250 Million for ICE

May 2009

Several hydroelectric plants will be remodeled with funds from an IDB loan, among other projects.

The Costa Rican Electricity Institute (ICE) will immediately receive $250 million as a loan from the Inter-American Development Bank (IDB). These funds are the first half of $500 million requested by the state from the IDB. The other $250 million will be used when necessary.

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