Colombia's Air-e seeking IDB Invest loan

Colombia's Air-e seeking IDB Invest loan

Colombian electricity distributor Air-e is seeking an IDB Invest loan to support grid expansion and decarbonization projects.

Documents published on the lender's website show the Barranquilla-based company requested a US$37.5mn loan for initiatives that form part of its US$500mn 2021-25 investment plan. 

IDB Invest, the private sector arm of the Inter-American Development Bank, is expected to decide whether to accept the proposed operation at a board meeting on June 30. 

Documents submitted by Air-e include an environmental and social action plan, which can be seen here

Air-e serves around 1.25mn consumers in the northern Colombian departments of Atlántico, La Guajira and Magdalena.

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