Findeter had announced that it will provide a line of credit which public, private or mixed electricity distribution and marketing companies can access as long as they “have applied to the regulatory tariff option established by the Energy and Gas Regulatory Commission (CREG).”
Since a time ago, Findeter has been working with the ministries of Finance and Mines and Energy “so that energy marketing and distribution companies have the liquidity that allows them to face the effects of the El Niño Phenomenon and, in this way, the increase in energy rates for the end user is mitigated,” assured the president of Findeter, Juan Carlos Muñiz Pacheco.
According to Muñiz Pacheco, the resources are now available of the direct credit line with a compensated rate for $1 billion for energy distribution and marketing companies throughout the country.
(See: Guidelines for energy exports during El Niño phenomenon).
“The line is already enabled, we understand the urgency of the beneficiary companies and that is why these companies will continue to receive support from Findeter so that they can access the resources in an agile manner and as soon as possible,” Muñiz explained.
In addition, interested companies will be able to access soft financial conditions and long terms.
Those who access these Creditors will be able to use the money to ensure their liquidity and for working capital.
(See: ‘There would be a risk of blackout if El Niño becomes longer’: Aciem).
Finally, it is important to clarify that it is offered a rate from IBR 1 month + 2.0% MV with a term of up to ten years and up to one year grace period for capital.
(See: What is synthetic gas and why Switzerland is interested in it).
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2023-10-19 03:40:43
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