Roundup: Bolivia compensation, Dominican loan, Honduras PPPs, Peru conflicts

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Friday, November 14, 2014

Bolivia and Spain's Red Eléctrica signed a contract that ends the latter's claim relating to the nationalization of transmission company TDE in 2012.

In a statement, the South American country's attorney general, Héctor Arce, said compensation totals US$65mn of the US$200mn the company sought. Payment will be US$36mn after deducting obligations to state power company Ende and taxes.

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Dominican Republic senators approved a US$60mn loan from the Opec Fund for International Development (OFID) to support modernization of the power distribution grid and reduce losses. OFID signed the financing package with state power holding company CDEEE.

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Honduras's congress approved a decree bill to impose greater controls during public-private partnership (PPP) decision-making. The initiative modifies PPP promotion law and tasks the finance department with participating in all project processes, the legislative body said in a statement.

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The latest social conflicts report from the Peruvian ombudsman's office says that of 135 active and latent socio-environmental conflicts registered in October, 19 were from the hydrocarbons sector and eight related to other energy types.