July 04, 2003
IDB denies funding dam

Thanks to Analia Gonzalez for sending me this letter from the InterAmerican Development Bank, dated March 19, stating that they are not providing funds for the Boca del Cerro dam, nor have they received such a request. They are funding power transmission and rural electrification projects only, they say, not power generation.

However the $240 million that the IDB agreed in 2001 to loan to the System of Electrical Interconnection for the Countries of Central America (SIEPAC) does make building the dam, and selling the electricity, more attractive.

Posted by Dave at July 04, 2003 09:27 PM