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.
|Subsector||ENERGY-ENERGY EFFICIENCY AND RENEWABLE ENERGY IN END USE|
|Project Type||Loan Operation|
|Environmental and Social Impact Category||B|
|Approval Date||NOV 1, 2012|
|Contract Signature Date||FEB 8, 2013|
|IDB Financing *||35.00|
|Total Cost H||USD 35,000,000|
|Reporting currency||USD - United States Dollar|
|Reporting Date||FEB 28, 2017|
|Undisbursed Amount H||USD 21,548,309|
|Disbursed to Date R||USD 13,451,691|
|Amount Outstanding R||USD 13,451,691|
|Income Collected R||USD 341,519|
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