September 24, 2021
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
US-based multilateral lender provides $87 mln for the 365km Tacuarembó-Salto line