Transnova (IFC-49962)

Countries
  • Guatemala
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
A
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Borrower
Transmisora de Energia Renovable S.A.
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Energy
  • Infrastructure
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 65.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Loan Amount (USD)
$ 65.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ IFC website

Updated in EWS Jun 1, 2026

Disclosed by Bank May 4, 2026

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the IFC, the proposed investment entails one or more loans, for an aggregate amount of up to US$65.0 million, to Transmisora de Energia Renovable S.A. (“Transnova” or the “Company”). IFC proceeds will finance Transnova’s construction and operation of specific eligible subprojects involving new substations (SEs) and transmission lines (TLs), including (i) the San Juan Comalapa SE and TL (“SJC”); (ii) the Atlantico SE and TL (“Atlantico”); and (iii) other eligible subprojects to be identified in the future that can meet IFC Performance Standards (PS) (collectively, the “Project”).Construction of SJC began in 2024, and the subproject is expected to commence operations in August 2026. It includes a 230/69 kV substation with 150 MVA capacity and approximately 5 km of transmission line supported by 18 towers. SJC is estimated to enable the connection of more than 20,000 users currently without electricity, improve service quality for over 140,000 existing users, and strengthen economic activity in the Chimaltenango region, a strategic industrial hub where the SJC project will contribute by powering the manufacturing and agro-industrial growth driving regional employment.Construction of Atlantico is expected to begin in 2027, with commercial operations anticipated by January 2030. The subproject comprises (i) construction of the new Atlantico SE (230/69 kV); (ii) a new 52 km, 230 kV transmission line with approximately 125 towers connecting the Morales and Atlantico SEs; (iii) upgrades to the Morales SE, including a new 230 kV bay; and (iv) modifications to the 69 kV transmission line between La Ruidosa and Genor. Atlantico is estimated to enable the connection of more than 29,000 users and enhance system availability and stability for more than 22,000 users by reducing service interruptions. The subproject will help strengthen the Atlantic corridor’s energy infrastructure, driving strategic agro-industrial and logistics growth while increasing grid resilience against extreme weather risks.Additional subprojects may be proposed by Transnova in the future and will be evaluated by IFC to confirm that they can comply with IFC PS before being considered eligible for financing.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.
Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

According to the IFC, Transnova develops, builds, and operates transmission lines and substation infrastructure in Guatemala on a private-initiative basis. The Company is a subsidiary of Conecta Energias S.A. and is part of Grupo Energia Bogota S.A. E.S.P. (“GEB”), a Colombian investment-grade holding company with operations in electricity generation, distribution, and transmission, as well as natural gas transportation and distribution across Latin America.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
Transnoa SA Client - has unknown relation to Grupo Energia Bogota SA ESP Parent Company Energy

Contact Information
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ACCESS TO INFORMATION

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ACCOUNTABILITY MECHANISM OF IFC/MIGA

The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org

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How it works