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Project Detail
NI-L1040 : National Sustainable Electrification and Renewable Energy Program (PNESER)
Project Description
The proposed operation represents the first 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.
News Release: Nov 5, 2012 - Nicaragua to boost sustainability and expansion of its electricity service with $35 million IDB loan
News Release: Jul 8, 2010 - Nicaragua to transform its energy matrix and expand access to electricity
Project at a glance
Project Status
Latest Project Documents
Loading Project Documents* For active and closed projects, the IDB financing at Board approval is shown in US$ 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-L1040 : National Sustainable Electrification and Renewable Energy Program (PNESER)
Basic Information | ||
| Project Number | NI-L1040 | |
| Operation Number | 2342/BL-NI | |
| Country | Nicaragua | |
| Sector | ENERGY | |
| Subsector | ENERGY-NEW POWER DISTRIBUTION & TRANSMISSION PROJECTS | |
| Project Type | Loan Operation | |
| Project Subtype | Specific Investment Operation | |
| Project Status | Implementation | |
| Approval Date | JUL 7, 2010 | |
| Project Completion Date | AUG 12, 2010 | |
NI-L1040 : National Sustainable Electrification and Renewable Energy Program (PNESER)
Financial Information | ||
| Total Cost - Historic | USD 30,500,000 | |
IDB Financing | ||
| Financing Type | Loan | |
| Fund | BLD | |
| Reporting currency | USD - United States Dollar | |
| Reporting Date | APR 30, 2013 | |
| Estimated Cofinancing - Historic | USD 30,500,000 | |
| Cancelled Amount - Historic | USD 0 | |
| Undisbursed Amount - Historic | USD 13,615,096 | |
| Disbursed to Date - Revalued | USD 16,884,904 | |
| Repayments - Revalued | USD 0 | |
| Principal Debt Relief Amount - Revalued | USD 0 | |
| Amount Outstanding - Revalued | USD 16,884,904 | |
| Income Collected - Revalued | USD 199,927 | |
Roles & Responsibilities | ||
| Borrower | Republica De Nicaragua | |
| Executing Agency | Ministerio De Energia Y Minas | |
NI-L1040 : National Sustainable Electrification and Renewable Energy Program (PNESER)
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