Said amount will be used in projects aligned with ESG principles to improve energy supply
MADRID, 7 Ago. (EUROPA PRESS) -
Iberdrola, through its subsidiary in Brazil, Neoenergia, and Mitsubishi UFJ Financial Group (MUFG) have signed a financing agreement for 150 million Brazilian reais (approximately 28 million euros) to improve the distribution network in the concession area of Neoenergia Brasilia, which serves around 1.1 million customers in the Federal District.
This is the first bilateral green loan between the two organizations and has a duration of two and a half years, as reported by the company on Monday.
Specifically, the resources will be allocated to projects aligned with ESG (environmental, social and governance) principles to improve the supply of energy.
Neoenergia Brasilia's concession area amounts to 5,780 square kilometers and covers the 33 administrative regions that make up the Federal District.
MUFG has been increasing the volume of sustainable financing in Latin America, and the alliance with clients such as Neoenergia is key to this growth, according to the firm.
This is the third financing signed between Neoenergia and MUFG, after two agreements in partnership with the Japan International Cooperation Agency.
The first operation, for 768.3 million reais (about 143 million euros), was carried out in May 2021, with the aim of expanding the distribution network of Neoenergia Coelba, a concessionaire in the state of Bahia that serves about 6.5 million consumers.
The second operation was signed this year, for some 703.4 million reais (131 million euros) to expand energy distribution in the Neoenergia Pernambuco concession area, which serves around four million customers.
"We are committed to maintaining service excellence to provide sustainable, safe and reliable energy to our customers. The investments will be allocated to projects to expand and reinforce the distribution network, improving efficiency and quality in the energy supply and the well-being of the population of the Federal District", assured the CEO of Neoenergia Brasilia, Frederico Candian.
"This operation is very important to us. We closed MUFG's first bilateral green loan with Neoenergia, deepening the relationship with a relevant client and expanding our portfolio of sustainable businesses. We work together with Neoenergia to provide the best financial solution to the needs of your business and the best time to carry out the operation. We are happy with the result obtained", said Juliane Yung, Head of Corporate
