Summary sheet
Investment loan to part-finance the Ecuadorian side of the Power Interconnection System between Ecuador and Peru in 500kV.
The project will improve power supply security in Ecuador and Peru and optimise market cost structures, while fostering regional power trade. It will also support the connection of future renewable energy generation facilities in Ecuador. Thereby, it will contribute to mitigate climate change, develop social and economic infrastructure, as well as competitive and secure energy.
If located in the EU, the project would fall under Annex I of the EU Environmental Impact Assessment (EIA) Directive 2014/52/EU (amending the Directive 2011/92/EU), requiring an EIA. In accordance with the national related regulations in Ecuador, Environmental and Social Impact Assessments (ESIA) for the project are being carried out. The promoter has to ensure that the project complies with the EIB's Environmental and Social Standards and the respective principles of EU Directives.
The promoter has to ensure that implementation of the project will be done in accordance with the EIB's Guide to Procurement.
Under EFSD+ Guarantee
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).
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