The IDB is providing $40 million in financing for construction of power substations in the north and $90 million for renovation of roads in Jinotega and Chontales.
From a statement issued by the National Assembly of Nicaragua:
$40 million for electrical substations
A $40 million loan signed with the Interamerican Development Bank (IDB) was approved on February 16 by the plenary, which will be used to fund the construction of three new substations.
In 2013 63% of the electrical energy fed into the transmission networks in the region was generated from renewable sources.
From a report entitled "Central America: production statistics for the electricity subsector, 2013", prepared by the Economic Commission for Latin America and the Caribbean (ECLAC):
"... The production of electricity in the six countries amounted to 45,735 GWh, 3.3% higher than in 2012.
The government is building eight substations and is looking for funding to develop eight more in different regions.
At the moment in Nicaragua 8 electric substations are under construction and another eight are planned for 2016. The Government of the country is looking for funding for these projects, whose cost is estimated at $27 million.
The country needs these 16 electrical substations "for electricity projects being run as part of the Sustainable Electrification and Renewable Energy (NPHS) project to improve the electricity connections in the Pacific."
The National Electricity Transmission Company (Enatrel) is building or remodeling 6 electric power substations.
Substation Boaco will start operating in June, featuring a new 25 MVA (Mega Volt Ampere) transformer.
Enatrel will also invest over $3.3 million in improving 5 other substations, in order to improve the quality of the rural electric transmission network. This project is funded with loans from the Inter American Development Bank.