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.
The loan granted by the European Investment Bank (EIB) is intended in part to finance the implementation of two hydroelectric plants.
The loan is aimed at the PNESER program for sustainable electricity and renewable energy.
The National Assembly has approved two loans from international organizations for financing affordable housing and expanding the electricity grid in rural areas.
IDB concessional loan will benefit 1.7 million people and develop new sources of renewable energy, contributes to $381 million multi-donor program
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