March 5, 2019 |
CABEI has approved a $50m loan for Panama's state-owned power transmission company ETESA.
ETESA will use the money to cover its short-term investment needs and start operations of high-voltage transmission lines in Panama, CABEI said in a press release.
ETESA previously got a $100m loan from the Latin American development bank CAF in May 2015.
CABEI said last month that it will use some of an €80m ($90.7m) loan from the Spanish state-owned bank Instituto de Crédito Oficial (ICO) to finance part
Panama's state-owned power company gets $50m from the Central American development bank to cover short-term investments