The General Development Objective of the program is to strengthen the integration of the Viable Renewable Resources of the Northeast Region of Brazil in the national integrated system, leveraging private capital to improve the efficiency and quality of the provision of energy services. The Specific Development Objectives (SDO) include: (i) promote energy transition in the region through the increase of financing projects for renewable energy generation (solar, eolic, biomass, and others); (ii) support the modernization and digitalization of the electric energy transmission and distribution systems, contributing to more efficiency, reduction of losses and more sustainability of natural resources; and (iii) support the development and implementation of energy storage technologies, including batteries and green hydrogen.
Project Detail
Country
Brazil
Project Number
BR-L1637
Approval Date
-
Project Status
Preparation
Project Type
Loan Operation
Sector
FINANCIAL MARKETS
Subsector
BANKING MARKET DEVELOPMENT
Lending Instrument
Préstamo de Inversión
Lending Instrument Code
INV
Modality
GCR (Global Credit Operation)
Facility Type
-
Environmental and Social Impact Category (ESIC)
-
Total Cost
USD 67,000,000.00
Country Counterpart Financing
-
Original Amount Approved
USD 33,500,000.00