Inter-American Development Bank (IDB)
The Inter-American Development Bank has provided funding for three active electricity-related projects in Chile.
- A Rural Electrification Project was approved in 2003. This project, with a total loan of US$40 million from the IDB, seeks to increase government's incentives for private investment in rural electrification. The objective is to extend the electrical networks, support auto-generation projects and assist in institutional strengthening. Projects will receive a subsidy according to the rules set for by the Ministry of Planning and Cooperation.
- A project for the Promotion of Clean Energy Market Opportunities received a US$975,000 loan from the IDB in 2006. The overall objective of the project is to increase market opportunities for small and medium enterprises and enhance their competitiveness. Promotion of the use of renewable energy and energy efficiency is to be achieved by facilitating access to financial incentives that support the use of low-carbon emitting technologies.
- The Chamua-Terruco transmission line is a 20-year concession for the construction and operation of a 200 km, 220 kV transmission line in the South of the country that was awarded to Cia. Tecnica de Engenharia Electrica ("Alusa") and Companhia Energetica de Minas Gerais ("Cemig"). The IDB approved a US$51 million loan in 2006 for the construction of this transmission line in a region that has shown strong economic growth in recent years.
Famous quotes containing the words bank and/or development:
“O Gold! I still prefer thee unto paper,
Which makes bank credit like a bark of vapour.”
—George Gordon Noel Byron (17881824)
“And then ... he flung open the door of my compartment, and ushered in Ma young and lovely lady! I muttered to myself with some bitterness. And this is, of course, the opening scene of Vol. I. She is the Heroine. And I am one of those subordinate characters that only turn up when needed for the development of her destiny, and whose final appearance is outside the church, waiting to greet the Happy Pair!”
—Lewis Carroll [Charles Lutwidge Dodgson] (18321898)