Celec requests IDB loan

Celec requests IDB loan

Loans Project & Infrastructure Finance Debt Energy Electricity Ecuador Peru US

Transelectric, the transmission division of Ecuador's state-owned power company Corporación Eléctrica del Ecuador (Celec), has requested $250 million from the Inter-American Development Bank (IDB) to finance construction of a 500kV transmission line. The IDB board is expected to approve the request in September, said a spokesperson for the bank. Transelectric is building 285km of power lines and a substation in Ecuador as part of an electricity interconnection project with Peru, known as the Int

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