EIB provides $300 million loan to Naturgy to modernize Panama's power grid

The European Investment Bank (EIB) is providing a $300 million loan to Naturgy, guaranteed by CESCE, to modernize and expand Panama's power grid. This financing will support Naturgy subsidiaries, EDECHI, S.A. and EDEMET, S.A., in improving the reliability and efficiency of the transmission infrastructure. The project aims to facilitate the integration of renewable energy sources into the Panamanian grid, aligning with broader energy transition goals. This deal is significant due to the involvement of the EIB, a major multilateral financial institution, and Naturgy, a key player in the energy sector. The loan, backed by a guarantee from CESCE, demonstrates confidence in the project's viability and Panama's energy sector. The modernization of the power grid is crucial for supporting Panama's economic growth and its transition towards a more sustainable energy mix.