$750 million hydropower loan
The Inter-American Development Bank has approved a $750 million loan to Venezuela for the construction of the Tocoma hydropower project.
The Inter-American Development Bank (IDB) has approved a $750 million loan to
The hydropower plant, whose total cost is $3 billion, will have an installed capacity of 2,160MW. Its 10 generators will be placed in operation on a staggered basis between July 2012 and March 2014. The plant will be built, operated and maintained by CVG Electrificación del Caroní SA (EDELCA), a state company.
The IDB loan will finance engineering, administration, civil works, equipment, the associated transmission system and a sustainable environmental and social management plan.
When completed, the project will be the fourth hydropower plant functioning in the
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