Funding for Renewable Energy in the Region

Countries may submit projects to the Inter-American Development Bank and the Japanase International Cooperation Agency in order to apply for funding.

Tuesday, February 18, 2014

From this week the International Cooperation Agency of Japan (JICA) and the Inter- American Development Bank (IDB ) will be looking at various opportunities to fund renewable energy and energy efficiency in the region. The countries concerned should present their projects to both entities in order to determine their viability and apply for funding.

According to JICA, "The country action plans to promote renewable energy will be presented by representatives of governments and agencies in Nicaragua, Jamaica, Guyana, the Dominican Republic, El Salvador, Guatemala, Honduras and Belize."

"The joint cofinancing framework agreement between JICA and the IDB has been established as a strategic alliance to join forces in the interest of IDB member countries and contribute to the mitigation of the negative effects of climate change."

More on this topic

Progress in 55 MW Geothermal Plant Project

June 2017

Costa Rica's state-owned power company has signed a $240 million loan with Japan to build the Borinquen I geothermal plant in Liberia, which could start operating in 2023.

The construction project for the geothermal plant will require a total investment of $374 million, of which $240 million will be covered by the loan from the Government of Japan and the remaining amount, with funds from the Inter-American Development Bank and resources from the Instituto Costarricense de Electricidad (ICE).

Costa Rica: $500 million for Geothermal Plant

December 2015

With a loan from the IDB it is hoped that the state power geothermal projects Pailas Borinquen I and II will be completed and improvements made to the transfer line from Guanacaste and its connection to Central America.

The plan by the Instituto Costarricense de Electricidad (ICE) is to invest the proceeds of the loan between 2017 and 2025, starting with projects under development in Guanacaste, Borinquen Pailas I and II.

El Salvador Prefers Mini Hydro Stations

May 2012

The concept is part of the "Master Plan for the development of renewable energies" which sets out a strategy in power generation for the next 15years.

A study by the National Energy Council (CNE) in conjunction with the Japanese International Cooperation Agency (JICA) outlines a strategy for the next 15 years in the development of technologies using renewable resources.

Nicaraguan Geothermal Project After IDB Funding

April 2010

Ram Power, developer of Geothermal Power Plant San Jacinto Tizate, asked the IDB for $40 million in funding.

The Inter-American Development Bank would loan $40 million for constructing the second phase of the plant, that would take the project’s total generation capacity to 72 MW.

 close (x)

Receive more news about Energy

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones

Professional ink refill franchise for sale

Ink and toner refills with latest generation machinery exclusively for the franchisee in Central America, investment opportunity with fast return.
Ink and toner refills with latest generation machinery...

Stock Indexes

(Apr 6)
Dow Jones
S&P 500


(Aug 11)
Brent Crude Oil
Coffee "C"