EIB Finances Electric Network Modernization in 2 Brazilian States

The European Investment Bank signed a loan agreement worth USD122 million with EDP-Energias do Brasil S.A., or EDB. The money will be used to expand and fortify EDB-owned electricity networks in the Brazilian states of São Paulo and Espírito Santo, according to an EIB press release.

About the author

  • Photo33390

    Eliza Villarino

    Eliza Villarino is an associate editor for Devex and leads the company's news team in Manila. She played a critical role in conceptualizing the Development Newswire. Prior to joining Devex in 2004, she has already published articles and news briefs for Internet media organizations and for the Institute for Ethics and Economic Policy at Fordham University in New York. She earned her bachelor's in political science and master's in public affairs from the University of the Philippines. Eliza is a member of Mensa Philippines.