$300 M offered to Enel Colombia for energy distribution projects
The loan will support the Bogota-Region 2030 project for electrification and network expansion.
Image for illustration purposes.
Colombia: The loan will support the Bogota-Region 2030 project for electrification and network expansion.
The International Finance Corporation (IFC), a member of the World Bank Group, has funded $300 million to Enel Colombia to support energy distribution projects in Bogota and Cundinamarca for sustainability and climate change mitigation. The loan will be used for the construction of new infrastructure, network reinforcement, digitalization, expanding the network to new clients and the development of electric mass transportation systems in Bogota and Cundinamarca.
The loan will support the Bogota-Region 2030 project for electrification and network expansion. The project includes investments to enhance the high voltage electrical system with the construction of substations such as Centenario, Intexzona and Madrid with 4.1 km of high voltage lines and 50 km of medium voltage networks to allow connection of generators and industries. It will utilize quality indicators, aimed at environmental and social sustainability, to reduce impacts on the areas of influence of each project.
The investments will improve the quality and reliability of the network with a stronger infrastructure against adverse conditions, and provide reliability to the electric mobility systems in Bogota with the development of around 90 km of medium voltage networks and 7 km of high voltage lines, which will deliver an improved service for customers and respond to the requirements of projects such as the Bogota Metro and the RegioTram. They will also contribute to the improvement of air quality and the decarbonization of the transportation service.
Source: T&D World
#Colombia#Enel Colombia#energy distribution#IFC#International Finance Corporation