Nicaragua: $ 380 Million for Rural Power

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

Monday, October 18, 2010

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.

Infolatam reports, "This (donation) will cause a series of loans (to Nicaragua) from the European Investment Bank, World Bank, Inter-American Development Bank, Central American Bank for Economic Integration, Nordic Fund and other development banks, for a total of about 380 million dollars."

More on this topic

$20 Million for Nicaraguan Electrical System

April 2009

The loan granted by the European Investment Bank (EIB) is intended in part to finance the implementation of two hydroelectric plants.

Another of the objectives is the improvement of the power transmission network to increase its reliability and capacity.

Elnuevodiario.com.ni published: "The operation of the EIB was signed in Medellin, Colombia, between its president, Carlos Costa, and the Nicaraguan Minister of Finance and Public Credit, Alberto Guevara."

IDB Lends $22 million for Energy in Nicaragua

July 2011

The loan is aimed at the PNESER program for sustainable electricity and renewable energy.

The first loan, for $30.5 million, was approved on July 7, the bank is supporting Nicaragua with a total of $50.5 million. The PNESER project aims to support the transformation of Nicaragua’s energy matrix and increase electricity coverage in the country from 65 to 85 percent, benefiting 1.7 million people.

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.

Nicaragua to transform its energy matrix and expand access to electricity

July 2010

IDB concessional loan will benefit 1.7 million people and develop new sources of renewable energy, contributes to $381 million multi-donor program

Nicaragua has embarked on a historic program to transform its energy matrix and expand access to electricity among the poor with help from a $30.5 million concessional loan approved on July 7 by the Inter-American Development Bank.

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