August 12, 2020
US power company AES Corp has tied up a $120 million loan from IDB Invest to offer discounts on electricity bills from four subsidiaries in El Salvador, the lender's local legal adviser, BLP Legal, said in an email.
The Salvadoran government passed a measure in March to allow consumers to delay payments on electricity bills during the COVID-19 pandemic. AES will use the two-year loan to cover costs at Compañía de Alumbrado Eléctrico de San Salvador (CAESS), Empresa Eléctrica de Oriente (EEO), AE
US power company gets $120 mln to cover deferred payments on electricity bills from four subsidiaries in El Salvador