*The European Investment Bank (EIB), the long-term lending institution of the European Union (EU), has announced €1bn (US$1.16bn) in financing to strengthen power grid integration and clean energy across Central America. According to an EIB press release, through this initiative, the EIB will act as the EU investment catalyst for Central America’s electricity integration and green energy transition. The operation is expected to include five to six sub-operations – each ranging between €150m and €350m – and “
will be implemented through framework loans and investment loans with national utilities and regional institutions”. According to the same EIB press release, the financing will contribute to the development of the Central American regional electricity market (MER), which facilitates electricity trade and integration between Panama, Costa Rica, Nicaragua, Honduras, El Salvador, and Guatemala. The financing was announced at the summit between the EU and the Community of Latin American and Caribbean States (Celac) in Colombia.
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