Calidda Gets IFC Loan

Peruvian gas distributor Calidda is getting a $50m loan from the IFC to help provide gas connections to more that 45,000 households. The financing is part of a $135m package which also involves CAF. The funding will help Calidda expand capacity of its distribution network from 255m cubic feet to 420m cubic feet a day. This funding will support implementation of Calidda’s $200m investment plan for the next 4 years. The IFC is not disclosing terms of the loan, saying only that it is a long-term.