📋 Tender Overview
Project Number: 48848
Company Name: Equatorial Alagoas Distribuidora de Energia S.A
Date ESRS Disclosed: Jun 7, 2024
Country: Brazil
Region: South America
Environmental Category: B
Status: Pending Approval
Sector: Distribution Business
Industry: Infrastructure
Department: Regional Industry INF LAC & EUR
Project Description
The proposed IFC investment consists of two loans of up to, in aggregate, US$250 million (i) the first of which to Equatorial Alagoas Distribuidora de Energia S.A. ( Alagoas , EAL or the Company ), a subsidiary of Equatorial Energia S.A. ( Equatorial Energia or the Group ), of an amount of up to BRL 500 million (approximately US$100 million) for IFC’s own account, and (ii) the second of which to another subsidiary of Equatorial Energia with a tranche of up to US$75 million for IFC’s own account and a tranche of up to US$75 million for the account of participants (the Project ).
The first loan consists of an 8-year senior green A Loan to Alagoas for financing a portion of the Company’s capex program for 2023 to 2024, including its programs for loss reduction, service quality improvement, and capacity expansion (the Alagoas Loan ).
The proposed second loan is a potential up to 8-year corporate facility of up to US$150 million to another subsidiary of Equatorial Energia, with use of proceeds to be aligned with those of the first loan.
Financing Sources:
2) World Bank (WB)
1818 H Street, NW Washington,
DC 20433 USA
Tel : (202) 473-1000
https://www.worldbank.org/
