IDB Invest signs largest renewable energy project in Colombia

Thursday, January 4, 2018 - 08:37
$1 billion loan to EPM to build Ituango hydropower plant IDB Invest signed a $1 billion senior, unsecured A/B loan package to Empresas Públicas de Medellín (EPM) to build a 2,400 MW hydropower facility in the northern region of Antioquia, Colombia. Ituango will be the largest hydropower project in the country. The Ituango hydropower plant will represent approximately 18 percent of the country’s total installed power capacity, and will generate approximately 13,900 GWh of renewable electricity per year.