04/28/2025 | Press release | Distributed by Public on 04/28/2025 12:50
Tegucigalpa, April 28, 2025.- As part of its commitment to the development and integration of Central America, the Central American Bank for Economic Integration (CABEI) will support the Second Circuit of the Electrical Interconnection System for Central American Countries (SIEPAC) project, a key initiative for strengthening the Regional Electricity Market (MER) for the benefit of more than 49.6 million people.
The total cost of the project amounts to US$46. 4 million, of which US$37 million will be financed by CABEI and more than US$9.2 million by the Network Owner Company (EPR) with the aim of strengthening the electrical energy transmission capacity of the SIEPAC line, increasing the minimum international exchange operational capacity by 300MW in the interconnection sections between Honduras - Nicaragua, and Nicaragua - Costa Rica.
The project includes the construction of 301.8 km of 230 kV transmission lines and the increase of four strategic substations: "Agua Caliente" (Honduras), "Sandino" (Nicaragua), "La Virgen" (Nicaragua) and "Fortuna" (Costa Rica). In addition, the existing SIEPAC infrastructure will be optimized to guarantee a reliable, affordable and high-quality electricity supply.
The Executive President of CABEI, Gisela Sánchez, expressed her pride in the Bank's role in this momentous project: "At CABEI, we feel deeply honored to have been selected by the EPR as the financial institution that will make this work of regional integration possible. We are the Bank that knows the region best, the one that has been present at every step of Central American development, and the one that will guarantee that this project is executed with the highest standards of quality and efficiency as a commitment to the future of Central America".
The "Second SIEPAC Circuit" project is aligned with CABEI's Institutional Strategy 2025-2029, under the strategic objective of "Promoting Growth and Economic Integration" and the focal area of "Resilient and Inclusive Energy and Infrastructure" by strengthening regional economic integration through the expansion of electricity transmission in Central America, promoting a more efficient and sustainable energy system.