Santa Catarina to receive $276M loan to strengthen electricity supply
Brazil, Santa Catarina: The Inter-American Development Bank (IDB) will provide a loan of $276.05 million to Centrais Eletricas de Santa Catarina–Distribuicao S.A. (CELESC-D), the electric power distribution utility serving Brazil’s state of Santa Catarina.
The loan will support the expansion and improvement of the distribution network by installing new substations and associated equipment, including power transformers, new lines and feeder lines, as well as expanding the low voltage network, reports CTBR.
The program will benefit 2.8 million consumers in CELESC-D’s concession area of 6.5 million people, by enabling the company to meet future demand for electricity with better quality service indicators.
Source: Clean Technology Business Review (CTBR)