Original disclosure @ IDBI website
Updated in EWS Jun 26, 2021
Disclosed by Bank May 19, 2020
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The transaction consists of a 30-month senior loan term in favor of Empresa de Distribución Eléctrica Metro-Oeste, S.A. ("EDEMET") and the Empresa de Distribución Eléctrica Chiriquí S.A. ("EDECHI"). EDEMET and EDECHI ("Naturgy Panama" or "Companies") have more than 600,000 residential customers and are responsible for 62.67% of the total energy sale in Panama.
According to the bank, the purpose of the Operation is to finance working capital to the Companies to compensate for the lack of liquidity generated by the deferral of the electric energy bill during the 4-month moratorium period approved by the Government of Panama (Law 152 of May 4 2020) to help end users affected by the economic crisis caused by the global Coronavirus pandemic (Covid-19). The beneficiaries of this Operation will be the end users served by the Companies.
80 millions to EDEMET and 40 to EDECHI
Para preguntas acerca del Proyecto contactar favor contactar a Naturgy Panama:
Nombre: Cinthya Camargo Saavedra
Titulo: Secretaria de la Junta Directiva
Numero de telefono:+5073157632
ACCOUNTABILITY MECHANISM OF IADB
The Independent Consultation and Investigation Mechanism (MICI) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an Inter-American Development Bank (IDB) or Inter-American Investment Corporation (IIC)-funded project. If you submit a complaint to MICI, they may assist you in addressing the problems you raised through a dispute-resolution process with those implementing the project and/or through an investigation to assess whether the IDB or IIC is following its own policies for preventing or mitigating harm to people or the environment. You can submit a complaint by sending an email to MICI@iadb.org. You can learn more about the MICI and how to file a complaint at http://www.iadb.org/en/mici/mici,1752.html (in English) or http://www.iadb.org/es/mici/mici,1752.html (Spanish).