USD 150 Million Loan signed for Peru’s Energy Transition

The Development Bank of Latin America and Cálidda announced the signing of a credit line agreement that is set to help bridge the public service infrastructure gap in Lima and Callao. The instrument is also expected to help further strengthen the sustainability management of the natural gas company by setting and monitoring objectives set out in CAF’s energy transition agenda.

The investments will go towards the expansion of networks and connection of more than 205,000 households within the company’s concession area. This initiative will also help Cálidda maintain its ESG (Environment, Social, Governance) rating on a robust scale and, furthermore, it will help curb the carbon footprint intensity index in its operations during project implementation.

“This reflects CAF’s commitment to foster a just energy transition that leaves no one behind and that helps Peru and the rest of Latin American and the Caribbean countries to implement an environmentally-aware economic model, under the climate commitments of the countries of the region,” said Santiago Rojas, CAF manager for the Northern Region.

In addition, Cálidda General Director Martín Mejía noted: “Access to the line of credit with a prestigious institution such as CAF will help us further our purpose of creating progress and quality of life for more Peruvians, bringing them clean, inexpensive and safe energy, and working on the basis of sustainable management. At Cálidda, we know that natural gas is synonymous with development, and thus, we will remain committed to reaching more families in Lima and Callao every day.”

To support Peru, in the last five years (2018–2022) CAF has approved operations totaling USD 11.83 billion, for an average of USD 2.36 billion per year. At the same time, total disbursements over that period amounted to USD 4.82 billion, for an annual average of USD 964 million.