Brazil’s state-run lender Caixa Economica Federal may get 150 million euros ($203 million) from the German development bank KfW Group for a credit line that will help companies become more energy efficient.
The funds will help mid-sized and large companies install energy-recovery systems, solar panels and other equipment, a press official for Brasilia-based Caixa Economica who didn’t want to be named because of company policy, said today in an e-mail. KfW may also provide another 4.5 million euros for “complementary measures.”
The line is still being studied and is expected to become active this year, the press official said.
KfW Group didn’t immediately respond to a telephone call and e-mail seeking comment.