FONPLATA supports sustainable development of energy in the Paraguayan Chaco

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FONPLATA — Development Bank will fund the project “Construction of the 220 kV Transmission Line covering Villa Hayes—Villa Real—Pozo Colorado—Loma Plata and the 220 kV Pozo Colorado Substation in the western region”, whose objective is to ensure reliable and safe power supply, and to contribute to the socioeconomic development of the population of that region.

The total investment on the project is of USD 126 million, to be co-financed by FONPLATA, with USD 45 million; local contribution amounts to USD 81,1 million.

The Project entails the execution of major works associated with the transmission and transformation of renewable energy to significantly improve the capacity and reliability of the power supply, by strengthening the West—Central Chaco and North systems. The works include the construction of the 220 kV transmission line, the Pozo Colorado substation, and four new feeders to keep pace with the projected demand growth of the area, ensure power supply, and contribute to the socioeconomic development of the local population.

Thus, the investment fulfills the commitment taken under FONPLATA's Sustainable Debt Framework on both eligible categories: social, through affordable basic energy infrastructure, and green, through the promotion of renewable energies.

The National Electricity Administration (ANDE) will conduct the works, which will contribute to the fulfillment of two of the 2030 Sustainable Development Goals: “Affordable and Clean Energy” (SDG 7) and “Industry, Innovation and Infrastructure” (SDG 9).