$20 Million for Nicaraguan Electrical System

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

Wednesday, April 1, 2009

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."

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Nicaragua: $33 Million Approved for Solar Power

June 2016

The National Assembly has approved a loan of $33 million with the South Korean bank Eximbank, to install solar panels in 15 municipalities, and another $10 million for electrification works in the Caribbean.

The $33 million loan with the Import and Export Bank of South Korea will be used to fund the installation of solar panels in 15 municipalities in the Autonomous Region of the North Caribbean, the Autonomous Region of the South Coast and in the department of Rio San Juan .

$64 Million For Nicaraguan Hydro Power Station

September 2009

'Larreynaga', a 17-MW hydroelectric power plant will be built with financing from Spain.

Funds for the project will be channeled through the Central American Bank for Economic Integration (CABEI).

"The project for the construction of 'Larreynaga' hidroelectric power station, ..., will be repaid in 25 years by the Government of Nicaragua, and will be developed by ENEL, the Nicaraguan Electricity Company", reported Google News.

Costa Rican Congress Approves $500 Million Credit

February 2009

The credit will be designated for the improvement of the electricity distribution network in the country.

Esteban Oviedo writes in Nacion.com: "Congress approved yesterday, in its first debate, a line of credit of $500 million from the Inter American Development Bank (BID) for the electricity infrastructure of ICE.

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.

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