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Neoenergia unit requests IFC financing in Brazil

Neoenergia unit requests IFC financing in Brazil

March 23, 2023
Neoenergia Elektro asks for $153 mln in an eight-year, green and sustainability-linked loan to fund investments through 2025

Loans International Financial Institutions World Bank Energy Electricity Brazil ESG Sustainability-Linked Green Finance

Neoenergia Elektro, a distribution division of Brazilian power company Neoenergia, has asked the International Finance Corporation (IFC) for BRL800 million ($153 million) in financing to fund investments through 2025. Neoenergia Elektro requested an eight-year, green and sustainability-linked loan to add new connections to the electrical grid in the state of São Paulo and decrease the frequency and duration of power outages, according to IFC. "The proposed green + sustainability-linked loan is a

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