PE-M1087 : Rural Electrification through Renewable Energy in Isolated Communities in Peru

Project Status
Implementation

This project supports a fee for service model to increase access to clean energy for the poorest families of rural communities in Cajamarca, in the north of Peru. Households can access Solar Home Systems paying a monthly fee that covers leasing of equipment and all after-sales services including maintenance, for the next 20 years. The project is implemented by Peru Micro Energia, PEME, a social micro enterprise. The project also will support institutional strengthening to PEME to assure the sustainability of the organization. A PES operation will provide complementary financing.

PROJECT DETAIL

Project Number PE-M1087
Operation Number ATN/ME-13429-PE
Country Peru
Sector ENERGY
Subsector ENERGY
Project Type Multilateral Investment Fund Operation
Project Subtype MIF Multilateral Investment Fund
Environmental and Social Impact Category B
Project Status Implementation
Approval Date SEP 20, 2012
Contract Signature Date FEB 19, 2013
IDB Financing * 0.33

PROJECT INFORMATION

Total Cost H USD 530,586
Country Counterpart Financing USD 200,000
Financing Type Non-Reimbursable Technical Cooperation
Fund MIF-Small Enterprise Dev. Facility
Reporting currency USD - United States Dollar
Reporting Date APR 30, 2015
Estimated Cofinancing H USD 330,586
Cancelled Amount H USD 30,027
Undisbursed Amount H USD 1
Disbursed to Date R USD 300,558
PORTFOLIO DETAILS
Key Value
H Historical
R Revalued

*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 preparatio

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