PL IV (IFC-602084)

Countries
  • Panama
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
Approved
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jun 29, 2017
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Panamanian national transmission company, ETESA
The holder of the loan, grant, or other investment.
Sectors
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Project Cost (USD)
$ 1.90 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Jan 16, 2018

Disclosed by Bank Nov 15, 2017


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Project Description
IFC will work with the Panamanian national transmission company, ETESA, to help structure and tender a public-private partnership for the financing, construction and operation of the Transmission Line IV, which will run over 330km in the Atlantic coast region and include a double circuit 500KV (AC) with a capacity of 1,288 MVA.
People Affected By This Project
The development of Line IV, which will form part of Panama’s national power transmission system. It will be the first transmission line in the Atlantic coast and will help increase the reliability of the country’s electrical system.
Investment Description
  • International Finance Corporation (IFC)
Contact Information
Contact information not provided at the time of disclosure. ACCOUNTABILITY MECHANISM OF IFC 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/