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        SIEPAC

        Signature(s)

        Amount
        € 35,590,355
        Sector(s)
        Energy : € 35,590,355
        Signature date(s)
        13/05/2003 : € 35,590,355

        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
        Location
        Sector(s)
        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.

        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).

        General enquiries and comments

        The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
        Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
        Alternatively, the EIB can be contacted through its external offices.
        Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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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.

        Zero tolerance against fraud and corruption

        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 Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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