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Signature(s)

Amount
€ 35,590,355
Sector(s)
Energy : € 35,590,355
Signature date(s)
13/05/2003 : € 35,590,355
Link to source
Data sheet

Summary sheet

Release date
19 December 2002
Status
Reference
Signed | 13/05/2003
19972204
Project name
Promoter - financial intermediary
SIEPAC – Electrical Interconnection of Central America
BCIE (Banco Centroamericano de Integracion Economica)
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 35.6 million
EUR 390.7 million
Description
Objectives

The main components are a 1,830 km circuit overhead transmission line with fibre optic cable and the extension of 16 existing substations, including reactive compensation equipment.

The project aims at integrating the high-voltage power transmission systems of the six participating countries in Central America (Panama, Costa Rica, Nicaragua, Honduras, El Salvador and Guatemala), with the objective to form a regional electricity market and to provide mutual support in order to promote the least cost development of power generation in the region.

Environmental aspects
Procurement

The project will be designed to comply with the environmental regulations of the countries concerned.

The components financed by the Bank will follow open procurement procedures with publication in the Official Journal of the European Communities.

Other links

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

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Alternatively, the EIB can be contacted through its external offices.
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Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

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The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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