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    Signature(s)

    Amount
    € 112,470,757.6
    Countries
    Sector(s)
    Ecuador : € 112,470,757.6
    Energy : € 112,470,757.6
    Signature date(s)
    28/12/2023 : € 112,470,757.6
    Link to source

    Summary sheet

    Release date
    26 May 2023
    Status
    Reference
    Signed | 28/12/2023
    20210138
    Project name
    Promoter - financial intermediary
    ECUADOR-PERU POWER INTERCONNECTION
    CORPORACION ELECTRICA DEL ECUADOR CELEC EP
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    USD 125 million (EUR 113 million)
    USD 278 million (EUR 252 million)
    Location
    Sector(s)
    • Energy - Electricity, gas, steam and air conditioning supply
    Description
    Objectives

    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.

    Environmental aspects
    Procurement

    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 Global Europe NDICI guarantee

    Under EFSD+ Guarantee

    Milestone
    Under appraisal
    Approved
    Signed
    12 July 2023
    28 December 2023
    Link to source

    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).

    Documents

    Environmental and Social Impact Assessment (ESIA) - ECUADOR-PERU POWER INTERCONNECTION - Estudio de Impacto Ambiental y Social
    Publication Date
    5 Jun 2023
    Document language
    Main Topic
    Lending
    Document Number
    165912337
    Document Focus
    Environmental Information
    Project Number
    20210138
    Sector(s)
    Countries
    Publicly available
    Download now
    Environmental and Social Impact Assessment (ESIA) - ECUADOR-PERU POWER INTERCONNECTION - Plan de Reasentamiento y Restitución de Activos
    Publication Date
    8 Jun 2023
    Document language
    Main Topic
    Lending
    Document Number
    171361008
    Document Focus
    Environmental Information
    Project Number
    20210138
    Sector(s)
    Countries
    Publicly available
    Download now
    Environmental and Social Impact Assessment (ESIA) - ECUADOR-PERU POWER INTERCONNECTION - Plan de Consulta y Participación
    Publication Date
    8 Jun 2023
    Document language
    Main Topic
    Lending
    Document Number
    171365332
    Document Focus
    Environmental Information
    Project Number
    20210138
    Sector(s)
    Countries
    Publicly available
    Download now
    Environmental and Social Data Sheet (ESDS) - ECUADOR-PERU POWER INTERCONNECTION
    Publication Date
    18 Jul 2023
    Document language
    Main Topic
    Lending
    Document Number
    169704277
    Document Focus
    Environmental Information
    Project Number
    20210138
    Sector(s)
    Countries
    Publicly available
    Download now

    News & Stories

    General enquiries and comments

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    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
    Alternatively, the EIB can be contacted through its external offices.
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    The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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