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Project Detail

NI-L1063 : National Sustainable Electrification and Renewable Energy Program III

Project Description

The proposed operation represents the third loan from the Inter-American Development Bank (IDB) for the National Sustainable Electrification and Renewable Energy Program (PNESER, or "the program"). The program structure allows IDB resources to be contributed in a modular fashion in 2010, 2011 and 2012 through operations to be submitted independently for approval by the Board of Executive Directors, with investments that are justified and viable autonomously but enable the targets in the Results Framework to be met gradually and cumulatively. The design is based on the availability of concessional resources, and serves to leverage resources from other donors, while maintaining the concessionality agreed upon by the Government of Nicaragua with the international community as part of the country's debt reduction agreements.

Procurement Information

News Release: Nov 5, 2012 - Nicaragua to boost sustainability and expansion of its electricity service with $35 million IDB loan

Project at a glance

Project Number
NI-L1063
Country
Nicaragua
Sector
ENERGY
Project Status
Implementation
IDB Financing*
35.00
 

Project Status

Project Status

Latest Project Documents

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* For active and closed projects, the IDB financing at Board approval is shown in US$ millions. This does not reflect any cancellations. For projects in Preparation the amount shown is the Estimated IDB Financing. Approved projects shows either Estimated IDB Financing or Historic Approved amount. The IDB financing for projects in the pipeline is indicative and may be modified during the project preparation.

NI-L1063 : National Sustainable Electrification and Renewable Energy Program III

Basic Information

Project Number NI-L1063
Operation Number 2342/BL-NI-5
Country Nicaragua
Sector ENERGY
Subsector ENERGY-ENERGY EFFICIENCY AND RENEWABLE ENERGY IN END USE
Project Type Loan Operation
Project Subtype Specific Investment Operation
Project Status Implementation
Approval Date NOV 1, 2012
Contract Signature Date FEB 8, 2013

NI-L1063 : National Sustainable Electrification and Renewable Energy Program III

Financial Information

Total Cost - Historic USD 35,000,000

IDB Financing

   Financing Type Loan
   Fund BLD
   Reporting currency USD - United States Dollar
   Reporting Date MAR 31, 2014
   Estimated Cofinancing - Historic USD 35,000,000
   Cancelled Amount - Historic USD 0
   Undisbursed Amount - Historic USD 28,498,150
   Disbursed to Date - Revalued USD 6,501,850
   Repayments - Revalued USD 0
   Principal Debt Relief Amount - Revalued USD 0
   Amount Outstanding - Revalued USD 6,501,850
   Income Collected - Revalued USD 53,368

Roles & Responsibilities

Borrower Republica De Nicaragua

NI-L1063 : National Sustainable Electrification and Renewable Energy Program III

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NI-L1063 : National Sustainable Electrification and Renewable Energy Program III


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