Latin America

Today the European Investment Bank (EIB) and Banco del Estado de Chile signed in Santiago de Chile a $110 million loan to finance energy efficiency and renewable energy investments for small and medium businesses and industries among others, including the value chain companies for critical raw materials in the country. The operation is in line with the EU Global Gateway Investment Agenda in Chile and fosters partnerships to develop sustainable local value chains in the critical raw materials segment.

Today the European Commission, the European Investment Bank (EIB), KfW Development Bank, on behalf of the German Federal Ministry for Economic Affairs and Climate Action (BMWK) and the European Commission, Corporación de Fomento de la Producción (CORFO) and the Chilean Ministry of Energy signed agreements to support Chile’s growing renewable hydrogen industry via the Team Europe Renewable Hydrogen Funding Platform for Chile. The signing ceremony took place in Santiago de Chile and was attended by European Commissioner for International Partnership Jozef Sikela, Minister of Energy of the Republic of Chile Diego Pardow, Executive Vice-President of CORFO José Miguel Benavente, EIB Director of the International Partners Department Thouraya Triki, and, representing KfW, Thomas Schmitt, Chargé d’Affaires of the German Embassy to Chile.

At a meeting in Gandhinagar, European Investment Bank (EIB) Vice-President Nicola Beer and Director of Finance of Karnataka Rail Infrastructure Development Company Ltd (KRIDE) Awadhesh Mehta formally announced a €300 million loan to build a new suburban railway network covering four dedicated rail corridors in Bengaluru. The network will stretch over a total of 149 km and include 58 stations and two depots.