Nicaragua: $380 Million Rural Electrification Plan Announced.

The company Gas Natural has signed an agreement with the Ministry for Energy to make electrical energy available to 3,600 communities.

Wednesday, September 8, 2010

The $380 million initiative will benefit around 120,000 people and includes six substations and a 200 km high voltage network.

According to Sergi Aranda, Gas Natural spokesperson and project manager, the rural electrification program will expand Nicaragua's electrical coverage from 63% to 85%.

La Prensa also reports that two loans have been approved, one for $23 million from the Central American Bank for Economic Integration (CABEI) to upgrade hydroelectric facilities and another for $30.5 million from the Inter-American Development Bank (IDB) towards the program itself.

More on this topic

Nicaragua: $95 million for Housing and Electricity

October 2011

The National Assembly has approved two loans from international organizations for financing affordable housing and expanding the electricity grid in rural areas.

$20 million from the Inter-American Development Bank (IDB) and $75 million from the Central American Bank for Economic Integration (BCIE) are to be used for the construction of new homes and for expanding the electricity grid in rural areas.

$ 422 Million from CABEI for Projects in Nicaragua

March 2011

The Central American Bank for Economic Integration plans to provide loans this year to develop energy projects, infrastructure and social programs.

Energy projects include hydroelectrics Tumarín, El Barro, La Sirena-los Calpules and Hidropantasma.

Funding will also support rural electrification and transformation of thermal power generation to renewable sources.

Nicaragua: $ 380 Million for Rural Power

October 2010

The country will receive a grant from the EU for $ 9.8 million and loans from international bodies for electrification projects.

Mendel Goldstein, Head of Delegation of the European Commission (EC) for Central America and Panama, announced a $ 9.8 million donation of as part of the Easy Investment in Latin America program.

El Salvador to Lay 500 KM of Power Lines in 2010

January 2010

In 2010, AES El Salvador will build 500 KM of electric power lines together with Fomilenio.

The joint program intends to deliver electricity to isolated populations in the north of the country.

"Fomilenio administers and executes a fund of more than $400 million approved by the United States to El Salvador through the Millennium Challenge Corporation (MCC)", reported Laprensagrafica.com.

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