EIB and Naturgy sign $300 million CESCE-guaranteed loan to modernise Panama power grid
Panama, Nov. 11 -- EIB Global, the international partnerships and development arm of the European Investment Bank (EIB), and Naturgy Energy Group, via its Panamanian distribution companies EDEMET, S.A. and EDECHI, S.A., have signed a $300 million framework loan to back the modernisation and expansion of Panama's power grid. This is the largest loan signed by the EIB for a private company in Central America.The loan is guaranteed by Spanish export credit agency CESCE. This guarantee was developed jointly by the EIB and CESCE to support green projects led by Spanish companies outside Spain, contributing to the climate action and environmental sustainability goals promoted by the European Union within and beyond its borders.This project will i...
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