CAF, which is the development bank of Latin America and the Caribbean, has approved a $100 million loan to aid the energy sector reform in the Bahamas. The approved resources will help the government of Bahamas in the implementation of key elements of its National Energy Policy. This includes strengthening the regulatory framework, modernising infrastructure, promoting renewable energy, and improving energy efficiency.
The approved loan allows Bahamas to improve the reliability of its electricity system, reduce generation costs, and increase its resilience to climate shocks. Furthermore, the reforms seek to attract new investments in energy infrastructure.
Earlier in June 2025, CAF approved $110 million for the construction of Chichas solar plant in Bolivia. The solar project has a capacity of 120 MW and will be executed by Empresa Nacional de Electricidad. Once operational, the plant is expected to generate 279,000 MWh per year of renewable energy.
