CAF grants resources to consolidate Venezuela’s electric energy transmission systems and distribution networks
The Latin American institution announced the approval of USD 300 million to the program executed by Corpoelec in the states of Lara, Zulia, Barinas, Monagas, Anzoategui and Sucre
(Caracas, November 4, 2013).-CAF, Development Bank of Latin America, announced the approval of USD 300 million to the Program for the Consolidation of the Transmission Systems in the Western and Eastern Regions and Improvements in the Distribution Networks at a National Level, advanced by the National Government and executed by Corpoelec.
The Program will bring important benefits to the population of the mentioned regions, particularly those serviced by the National Electric System (SEN for its acronym in Spanish) in the states of Lara, Zulia, Barinas, Monagas, Anzoategui and Sucre.
With the execution of the Program, support will be provided to a series of ongoing projects which belong to the transmission systems and distribution networks, so that they may be incorporated to the functioning of the SEN in the short term.
Specifically, it is expected that the program will incorporate an additional 1,076 MVA in transformation capacity; include at least 383 kilometers of transmission and distribution lines; incorporate 16 new substations; and install 18 power transformers and 50 34.5 kV / 13.8 kV switches. The purpose of all of this is to improve the operating capacity, reliability, and quality of the country's electric service.
CAF's more recent content
Paving and maintenance of rural roads to guarantee progress in Peru
CAF presented in Lima the Guide “Rural roads: A door to development and territorial connectivity”, in which it offers guidelines that help guarantee the population's equitable access to opportunities for personal and professional development.
CAF and MCDF support Jamaica’s vision for a global logistics hub
The Multilateral Cooperation Center for Development Finance (MCDF) approved total financing of USD 550,000 in support of CAF’s partnership with the Jamaica Special Economic Zone Authority (JSEZA) to implement the Jamaica Logistics Hub Initiative (LHI) and the development of the Caymanas Special Economic Zone (SEZ), which will contribute to positioning Jamaica as a global logistics hub and gateway that will interconnect the Americas to the world.