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Bancoldex Guarantee - Complementary Mechanism to Tender CLPE No. 02-2019

Sector: Power Generation (CCGT) • Location: Colombia

Source: Inter-American Development Bank (IADB)

Project
Repaid

The purpose of the project is to provide access to financing to up to seven SME energy traders in Colombia.IDB Invest will be issue a Standby Letter of Credit in favor in Bancoldex to counter guarantee the guarantees that this institution will issue in favor of XM Compañía de Expertos en Mercados, S.A. E.S.P (Electricity Market operator in Colombia) for the account of up to seven SME energy trader

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Project Information

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The project “Bancoldex Guarantee - Complementary Mechanism to Tender CLPE No. 02-2019” is an infrastructure initiative in the Power Generation (CCGT) sector, located in Colombia. Taiyo aggregates data on it from Inter-American Development Bank (IADB).

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Participants

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Status

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repaid

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Email

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Description

Description

The purpose of the project is to provide access to financing to up to seven SME energy traders in Colombia.IDB Invest will be issue a Standby Letter of Credit in favor in Bancoldex to counter guarantee the guarantees that this institution will issue in favor of XM Compañía de Expertos en Mercados, S.A. E.S.P (Electricity Market operator in Colombia) for the account of up to seven SME energy traders. These guarantees are required to be issued by virtue of the Power Purchase Agreements that the traders will sign as a result of the Complementary Mechanism to the Renewable Energy tender CLPE No. 02-2019.

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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