President Obama Announces USTDA's Involvement in Clean Energy Finance Facility for Central America & The Caribbean
April 13, 2015
(USTDA)
ARLINGTON, VA – Last week, President Obama announced
the launch of the Clean Energy Finance Facility for the Caribbean and Central
America (CEFF-CCA). Drawing upon the expertise of the U.S. Trade and
Development Agency and the Overseas Private Investment Corporation, and in
coordination with the U.S. Agency for International Development and Department
of State, the $20 million facility will catalyze public and private sector
investment to support clean energy projects in the region.
“USTDA is proud to work with its interagency partners in this effort that will
provide early-stage funding to drive investment in clean energy development,”
said Regional Director for Latin America and the Caribbean, Nathan Younge. “The
Agency’s activities under CEFF-CCA will build upon our strong portfolio of
projects in the region, including a grant agreement we signed last week for
smart grid development to support Panama’s efforts to modernize its electricity
distribution network.”
USTDA provided a grant to Panamanian electric utility Elektra Noreste, S.A.
(ENSA) to support the deployment of a smart grid pilot project. The pilot
project will improve the reliability and efficiency of ENSA’s network, which
distributes electricity to more than 360,000 customers in Panama. ENSA has
selected Innovari, Inc. (Austin, Texas) to pilot a demand side management system
to better manage peak demand and more efficiently utilize its generation,
transmission and distribution resources.
This pilot project, which will help Panama meet its clean energy goals,
represents the Agency’s renewed focus on its partnership with Panama.
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