Back

LatinNews Daily - 22 July 2019

In brief: US$31.5m credit line for sustainable energy projects in Colombia

* Colombia’s foreign trade bank, Bancóldex, together with the ministry of trade, industry & tourism have opened a line of credit of a maximum of Col$100bn (US$31.5m) to promote investment projects in sustainable energy and energy efficiency, namely the optimisation of electrical or thermal energy consumption and the implementation of energy efficient projects such as LED lighting or high efficiency engines. Projects for the generation of electric and thermal energy from renewable energy sources such as biomass and solar energy, among others, can also be financed. Of the money available, Col$30bn will be earmarked for long-term loans, where entrepreneurs will have from five to seven years to repay the loan acquired, and the remaining Col$70bn will be reserved for medium-term loans, where entrepreneurs will have up to five years to pay repay the loan; all repayment periods will have a grace period of up to one year.

End of preview - This article contains approximately 150 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

LatinNews
Intelligence Research Ltd.
167-169 Great Portland Street,
5th floor,
London, W1W 5PF - UK
Phone : +44 (0) 203 695 2790
Contact
You may contact us via our online contact form
Copyright © 2022 Intelligence Research Ltd. All rights reserved.