Based on this definition, the specific sectors that BECC and NADB
currently address are the following:
hopes to augment these advances by seeking additional project proposals from private and public sector entities interested in exploring energy projects that will benefit residents along the joint border.
More information regarding the NADB
and its operations can be obtained at www.
is planning to host three additional seminars this year: one on business management for Mexican water utilities and two on climate change.
We welcome this decision on the part of the two governments stated NADB
Managing Director GerEnimo Gutierrez, adding This capital increase will position the bank to continue fulfilling its mission of improving environmental infrastructure and the quality of life on both sides of the border in a way that fosters public participation and transparency.
The Board of Directors of the North American Development Bank (NADB
) and the Border Environment Cooperation Commission (BECC) yesterday approved a resolution recommending the merger of NADB
and BECC into a single institution.
Within the framework of the Solar Power International 2011 conference in Dallas, Texas, the agreement was signed by Javier Garfio Pacheco, Secretary of Communications and Public Works for the State of Chihuahua, NADB
Deputy Managing Director Alex Hinojosa, and BECC Deputy General Manager Jose Mario Sanchez.
is an international financial institution capitalized and governed equally by the United States and Mexico for the purpose of financing infrastructure projects that improve environmental quality in the U.
The estimated project cost is US$242,600 and the grant provided by NADB
through its Community Assistant Program (CAP) will cover up to 90% of these costs with SIMAS covering the remaining costs.
We have been working to build partnerships in the renewable energy sector, with both public entities and private companies and with the signing of this loan we are opening a new chapter in the evolution of the Bank that will help us move forward in the development of renewable energy projects," stated NADB
Managing Director Geronimo Gutierrez.
Managing Director GerEnimo Gutierrez signed the loan agreement with Miguel Angel Velasco MartE[degrees]nez and Francisco Deaquino Vargas, General Manager and Chief Financial Officer of Mercader, respectively.
This is the first such offering for NADB
, which intends to issue future debt securities as needed to fund its growing loan operations.