January 27, 2020
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
Ecuador's state-owned power company asks for $250 mln to finance construction of a 500kV transmission line