Nicaragua: $ 70 million for Power Grid

The loan from the European Investment Bank will finance the improvement of the national electricity transmission network.

Tuesday, February 1, 2011

The loan will finance the expansion and improvement of energy supply, increasing efficiency, improving service reliability and increasing power generation from renewable sources such as hydro, geothermal and wind.

The project involves the installation of about 640 km of new transmission lines, construction of nine new substations and improving existing lines and substations by upgrading their capacity and voltage.

More on this topic

Panama: $100 Million for Power Grid

December 2014

A loan from the Development Bank of Latin America will finance improvements to the power transmission capacity of the national grid.

From a statement issued by the Development Bank of Latin America (CAF):

CAF -the development bank of Latin American is providing funding in the amount of $100 million to the Electricity Transmission Company SA (ETESA) to contribute to efforts to increase the power transmission capacity of the National Interconnected System (SIN) of Panama.

Extension of Electricity System in Nicaragua

January 2014

Empresa Nacional de Transmisión Eléctrica has taken out a $48 million loan from South Korea for new substations and distribution lines.  

From a press release by Empresa Nacional de Transmisión Eléctrica (Enatrel):

The Government through Empresa Nacional de Transmisión Eléctrica (Enatrel) has signed a cooperation contract with company representatives from DAEWOO International Corporation and Hyundai Engineering, Company Limited, in the amount of $25 million, resources which are to be invested in building the new substations El Sauce, in the department of León, and Ocotal, Nueva Segovia, and also in the expansion of substations San Ramon, Matagalpa and Esteli, in the department of Estelí. In addition assembly of transmission 138 kV (kilovolt) lines will be made to link these to the National Interconnected Electrical Substation .

ENEL has $127 million to Invest in El Salvador

July 2011

Since litigation began in 2008 regarding the funding of LaGeo, investment plans in El Salvador have ben stalled, but are now coming back into effect.

An article in Laprensagrafica reports that the company Enel will invest $127 million in El Salvador next year as part of the original plan which was based on an agreement with shareholders that the Italian company would provide more capital, in exchange for just over 50% of the shares of the geothermal company LaGeo. This investment plan has been frozen since 2008 after ENEL began arbitration proceedings against ENEL Investment Energy (INE) and the Lempa River Hydroelectric Executive (CEL) because they wouldnt allow the funding.

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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