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The IDB Group uses loans, grants, guarantees and investments to fund development programs.
CO-L1005 : Porce III Hydroelectric Power Plant
| Project Description: The Project will finance the construction of Porce III Hydroelectric Power Plan, owned by Empresas Públicas de Medellín (EEPPM). The Project is required to satisfy the growth in energy demand in Colombia. Renewable and low-cost resources from the Porce River will be used in a social and environmentally sustainable manner. The Project will finance civil works, electromechanical equipment, transmission lines and an environmental and social management plan. |
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| Procurement Information |
| News Release: Oct 5, 2005 - IDB approves $200 million for Porce III hydroelectric power plant for Medellín, Colombia |
Status |
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Basic Information | ||
| Project Number | CO-L1005 | |
| Operation Number | 1664/OC-CO | |
| Country | Colombia | |
| Sector | Energy | |
| Subsector | Hydro-Electric Energy | |
| Project Type | Loan Operation | |
| Project Subtype | Specific Investment Operation | |
| Status | Implementation | |
| Approval Date | OCT 5, 2005 | |
| Signing Date | DEC 9, 2005 | |
Financial Information | ||
| Total Cost - Historic | USD 911,000,000 | |
| Country Counterpart Financing - Historic | USD 711,000,000 | |
IDB Financing | ||
| Financing Type | Single Currency Facility | |
| Fund | Ordinary Capital | |
| Reporting currency | USD - United States Dollar | |
| Reporting Date | JAN 31, 2010 | |
| Approved Amount - Historic | USD 200,000,000 | |
| Cancelled Amount - Historic | USD 0 | |
| Undisbursed Amount - Historic | USD 900,000 | |
| Disbursed to Date - Revalued | USD 199,100,000 | |
| Repayments - Revalued | USD 0 | |
| Principal Debt Relief Amount - Revalued | USD 0 | |
| Amount Outstanding - Revalued | USD 199,100,000 | |
| Income Collected - Revalued | USD 21,233,987 | |
Roles & Responsibilities | ||
| Borrower | Republica De Colombia | |
| Executing Agency | Empresas Publicas De Medellin | |
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