Colombia : Energía Integral Andina Project
Project Number: CO3918A-01 Business Sector: Technology, Communications, and New Economy Financing Requested:Loan of up to US$8.0 million Country:Colombia The proposed project consists of providing financing to Energía Integral Andina S.A. ( EIA ) in the form of a loan of up to US$8 million, with a term of up to 5 years, directed to a special purpose entity affiliated with EIA or to a trust to be established by EIA. The purpose of this IIC operation is to provide financing for the construction and operation of two submarine fiber optic cables. One, spanning 810 km, will be located between Isla de San Andrés and the Colombian coastal city of Tolú, and the other, spanning 217 km, will stem from the first cable and reach the city of Colón, in Panama.
EIA, the sponsoring entity, is a Colombian company established in 1986 that initially focused on manufacturing, installing, operating, and maintaining industrial batteries. It is currently the only manufacturer of this type of batteries in Colombia. In 1996 EIA began focusing on other areas such as installation, operation, and maintenance of fiber optic networks, copper telephone lines, coaxial cable television networks, and satellite television equipment. In 2006 EIA began participating in infrastructure bids. It currently operates three concessions, including the construction and operation of the submarine fiber optic cable that connects the Colombian coastal area and Isla de San Andrés. country :ColombiaLtd.
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