$92.5 million for investment in Nicaraguan energy sector

The IDB will grant $92.5 million to Nicaragua for investment in the energy sector, the entity reported in a press release.

Wednesday, October 29, 2008

The funds will be used to invest in transmission, transformation and rehabilitation of the energy generation plants, the note given to the press pointed out.

The objective is "to ensure and increase the feasibility of the supply of electricity and to meet medium term demand," said Mirna Leivana, IDB representatives.

More on this topic

IDB to invest $145 million in Central American energy plan

August 2008

The IDB has announced that it will invest $145 million in the transmission and rehabilitation of electric plants in Central America, an operation to which Mexico and Colombia may also be added.

The program will be complemented with actions in the field of transmission, transformation and generation, in order to ensure that the greatest trust in the system in not only in its ability to provide more a great availability of energy, but also in guaranteed quality of distribution.

IDB grants $40.2 million to Nicaragua

December 2008

The funds will be used to rehabilitate the Santa Barbara and Central America hydroelectric plants, the two main generators of renewable energy in the country.

"The rehabilitation of these hydroelectric energy plants will contribute to improving the quantity, reliability, and quality of the renewable energy supply required for sustainable economic growth in Nicaragua," said the head of the IDB team, Jose Ramon Gomez.

Nicaragua: $ 171 Million in Loans from IDB

December 2010

The financial institution confirmed the release of the funds for 2011 to support projects in the power sector, transportation sector and budget support, among others.

This was announced by the representative of the organization in the country, Mirna Liévano, adding: "Nicaragua has already met all the requirements of transparency for accessing new loans from the IDB."

The Electricity That Central America Needs

June 2015

"The region still needs to install at least 7,000 MW by the end of the decade and make investments of between $12,000 million and $18,000 million."

While in Panama the energy supply needed to meet the demand of its growing economy falls short, to the north of the region, in Guatemala, there is surplus energy but generators are unable to sell it due to the lack of regulations governing the futures contracts and because the Siepac (Regional Electricity Transmission System) project is still does not working 100%.

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