IDB Invest funds transmission line in Uruguay

IDB Invest funds transmission line in Uruguay

Debt Loans Bonds Energy Electricity Project & Infrastructure Finance International Financial Institutions Inter-American Development Bank (IDB) Capital Markets Uruguay

IDB Invest, the private sector affiliate of the Inter-American Development Bank (IDB), said Thursday that it provided $87 million for the Uruguayan government to reach financial close on a 500 kv power transmission line. Uruguay will finance the line through the state-owned power company UTE and República AFISA, a financial trust company owned by the central bank. The project involves $204 million in estimated investments, IDB Invest said in a press release. IDB Invest will supply $67.6 million

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