According to the IDBI, this operation consists of a credit facility for Elektra Noreste, S.A. to finance the expansion of the electric power distribution system in its concession area, including infrastructure maintenance, actions to reduce system losses, and the procurement and installation of computing equipment, public lighting, and prepaid energy meters.
As stated in the project documents, Elektra Noreste SA was established in November 1998, following a privatization process of the then-Instituto de Recursos Hidráulicos y Electrificación by the Panamaian Government to modernize and optimize electricity services in Panama. The Company started operations with 173,700 customers in the Colón and Darién provinces, Guna Yala Region, Pacific islands, and the eastern part of Panamá Province, which comprise its concession area. As of the present date, ENSA has more than 500,000 customers and approximately 1.9 million users, comprising 42% of the electric energy service customer market in Panama.
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Client - Elektra Noreste SA:
IDBI Team Leader:
Johanna Gomez Velasquez
Phone: +1 202 5664566
Address: 1350 New York Ave NW, Washington, DC 20005
ACCESS TO INFORMATION
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ACCOUNTABILITY MECHANISM OF IDB / IDB INVEST
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 (IDB Invest)-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 IDB Invest 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).