The facade of Neoenergia NEOE3.SA energy company headquarters is pictured in Rio de Janeiro, Brazil July 24, 2019. REUTERS/Ricardo Moraessaid on Tuesday it has obtained an 800 million-real financing from World Bank's private investment arm, International Finance Corp , for power distribution subsidiary Elektro.
The agreement was dubbed a "green financing" linked to Elektro's ESG goals, such as the number of female electricians working at the company and the level of digitalization of its network, according to a securities filing. The goals will be measured in 2027 and there will be a step-down in debt spread in the event they are achieved, said Neoenergia, which is controlled by Spain's Iberdrola SAReporting by Leticia Fucuchima; Editing by Chizu Nomiyama
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