The energy agreement follows a first binational cabinet meeting held in July.
The bank has opened in Chile a representative office which will act as a 'bridge' between the Middle East and Latin America.
Rodrigo Sauaia, the executive president of the local PV association, tells BNamericas about the sector's fast growth and investment opportunities.
Electricity consumption climbed 1.3% year-on-year to 38.741GWh in September, according to the latest bulletin published by energy planning and research agency EPE.
The power producer did not participate in the country's latest power auction.
The projects will benefit Eletrobras subsidiaries Eletrobras Distribuição Acre, Eletrobras Distribuição Alagoas, Eletrobras Distribuição Amazonas, Eletrobras Distribuição Piauí, Eletrobras Distribuição Rondônia and Eletrobras Distribuição Roraima.