IDB Group Announces Platform with €15 Million from Germany to Expand Power Grids in Latin America and the Caribbean
Brazil, Nov. 13 -- The Inter-American Development Bank Group (IDB Group) today announced the Power Transmission Acceleration Platform (PTAP), a new regional effort to help countries in Latin America and the Caribbean expand and modernize their energy grids and close the infrastructure gap.The announcement followed a bilateral meeting between IDB Group President Ilan Goldfajn and State Secretary Jochen Flasbarth of Germany's Federal Ministry for the Environment, Climate Action, Nature Conservation, and Nuclear Safety.During the meeting, German authorities announced their intention to contribute up to 15 million euros (about $17.3 million) through the International Climate Initiative to support PTAP's implementation, including 3 million euros...
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