Wednesday, June 24, 2015

IDB approves $80 million loan to Ecuador for the continuation of its electricity distribution program

The Inter-American Development Bank (IDB) announced approval of a $80 million loan to Ecuador to finance the strengthening of Ecuador’s National Electricity Distribution System (SND), in order to support a change in the country’s energy matrix and to improve the delivery of quality electricity service to residential customers.

The specific objectives of this loan program are to help strengthen Ecuador’s medium-voltage and low-voltage electrical infrastructure; to contribute to modernization and efficiency in the management of demand in the SND; and to improve the reliability levels of electricity service. The IDB will work closely with Ecuador’s Ministry of Electricity and Renewable Energy (MEER) to implement this program.

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