Transnova

pending

The proposed investment entails one or more loans, for an aggregate amount of up to US$65.0 million, to Transmisora de Energia Renovable S.A. (“Transnova” or the “Company”). Transnova develops, builds, and operates transmission lines and substation infrastructure in Guatemala on a private-initiative basis. The Company is a subsidiary of Conecta Energias S.A. and is part of Grupo Energia Bogota S.A. E.S.P. (“GEB”), a Colombian investment-grade holding company with operations in electricity generation, distribution, and transmission, as well as natural gas transportation and distribution across Latin America.IFC proceeds will finance Transnova’s construction and operation of specific eligible subprojects involving new substations (SEs) and transmission lines (TLs), including (i) the San Juan Comalapa SE and TL (“SJC”); (ii) the Atlantico SE and TL (“Atlantico”); and (iii) other eligible subprojects to be identified in the future that can meet IFC Performance Standards (PS) (collectively, the “Project”).Construction of SJC began in 2024, and the subproject is expected to commence operations in August 2026. It includes a 230/69 kV substation with 150 MVA capacity and approximately 5 km of transmission line supported by 18 towers. SJC is estimated to enable the connection of more than 20,000 users currently without electricity, improve service quality for over 140,000 existing users, and strengthen economic activity in the Chimaltenango region, a strategic industrial hub where the SJC project will contribute by powering the manufacturing and agro-industrial growth driving regional employment.Construction of Atlantico is expected to begin in 2027, with commercial operations anticipated by January 2030. The subproject comprises (i) construction of the new Atlantico SE (230/69 kV); (ii) a new 52 km, 230 kV transmission line with approximately 125 towers connecting the Morales and Atlantico SEs; (iii) upgrades to the Morales SE, including a new 230 kV bay; and (iv) modifications to the 69 kV transmission line between La Ruidosa and Genor. Atlantico is estimated to enable the connection of more than 29,000 users and enhance system availability and stability for more than 22,000 users by reducing service interruptions. The subproject will help strengthen the Atlantic corridor’s energy infrastructure, driving strategic agro-industrial and logistics growth while increasing grid resilience against extreme weather risks.Additional subprojects may be proposed by Transnova in the future and will be evaluated by IFC to confirm that they can comply with IFC PS before being considered eligible for financing.