Panama, September 8, 2025 – The Corporación Interamericana para el Financiamiento de Infraestructura (CIFI), through its subsidiary CIFI Services, S.A.,has structured a senior loan of US$28.8 million to finance the acquisition of reimbursement rights by North Bay Development, S.A.S., related to the construction of the Manzanillo Transmission Line in the Dominican Republic.
The financing comes from a consortium formed by CIFI LATAM, S.A. and CIFI’s Sustainable Infrastructure Debt Fund L.P., both vehicles specialized in promoting sustainable infrastructure projects in Latin America and the Caribbean.
The project involves a 345 kV transmission line spanning 128 kilometers, connecting the Energía 2000, S.A. (E2K) power plant with the Guayubín and El Naranjo substations, crossing the provinces of Monte Cristi, Valverde, and Santiago. This infrastructure will enable the evacuation of over 1,200 MW of installed capacity, including renewable sources and natural gas, thereby improving the reliability of the national electric system.
The line is fully constructed and ready to be transferred to the Empresa de Transmisión Eléctrica Dominicana (ETED), the state-owned entity responsible for operating the high-voltage network. Its commissioning will expand access to reliable energy in regions with limited infrastructure and strengthen the resilience of the national electric system.
“This financing, structured in an innovative way, reflects our commitment to the development of strategic infrastructure in Latin America and the Caribbean. At CIFI, we are committed to financial solutions that promote energy security and sustainable growth in the region,”said Vittorio Crovari, Structured Finance Associate at CIFI.
From an environmental and social perspective, the project has been developed under sustainability criteria, ensuring compliance with international standards and promoting tangible benefits for local communities.
María Alejandra Vega, Senior ESG Officer at CIFI, stated: “The Manzanillo Line is a concrete example of how infrastructure can be developed with environmental responsibility and community engagement. This project will significantly improve access to reliable energy in historically underserved regions, driving more equitable and sustainable development.”
With this operation, CIFI reinforces its presence in the Caribbean and its commitment to projects that drive the energy transition, strengthen critical infrastructure, and generate sustainable benefits for the region.
About CIFI
CIFI is a Panama-based investment platform that provides integrated financial solutions to private developers and investors in sustainable, high-impact infrastructure across Latin America and the Caribbean. With a robust track record of involvement in 220+ transactions valued at over US$2 billion in disbursements, CIFI has successfully mobilized US$21 billion in capital since its incorporation in 2001.
About North Bay Development
North Bay Development is a company incorporated in the Dominican Republic as a special purpose vehicle to manage the collection rights derived from the reimbursement contract signed between Energía 2000, S.A. and the Empresa de Transmisión Eléctrica Dominicana (ETED).
About Energia 2000
Energía 2000, S.A. (E2K) is a Dominican company dedicated to the development of energy infrastructure. It is currently leading the construction of a 414 MW net natural gas combined cycle power plant in Manzanillo and has promoted complementary works such as transmission lines and gas terminals.
Media contact:
CIFI | Juliette Daugan | juliette.daugan@cifi.com
