Non-Reimbursable Financing BID CLIMA: Decarbonization of the National Electric Power Company (ENEE) and Support for Financial Sustainability
The general objective of the First Individual Loan Operation (POIP) is to support the decarbonization and climate resilience of the electricity generation matrix, improve the financial sustainability of the electricity sector, and strengthen the capacities to allow the consideration of debt emissions in green capital markets to meet climate commitments. The specific objectives are: (i) increase the generation capacity of Solar Photovoltaic (SFV) energy under a Climate Change (CC) mitigation approach; (ii) improve the financial, operational efficiency and the quality of electricity service; (iii) strengthen the capacities of sectoral entities to design and operate projects with CC Mitigation and Adaptation (M&A) criteria; and (iv) improve sectoral capabilities to monitor and report actions and investments linked to M&A to the CC in line with best practices in debt markets.

Project Detail

Country

Honduras

Project Number

HO-J0003

Approval Date

November 20, 2024

Project Status

Implementation

Project Type

Grant Financing Product

Sector

ENERGY

Subsector

ENERGY EFFICIENCY AND RENEWABLE ENERGY IN END USE

Lending Instrument

Investment Loan

Lending Instrument Code

INV

Modality

ESP (Specific Investment Operation)

Facility Type

-

Environmental and Social Impact Category (ESIC)

Category B: Likely to cause mostly local and short-term negative environmental and associated social impacts and for which effective mitigation measures are readily available

Total Cost

USD 2,500,000.00

Country Counterpart Financing

-

Original Amount Approved

USD 2,500,000.00
Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
5956/GR-HO Sovereign Guaranteed USD - United States Dollar IDB Grant Facility Account IDB Grant Facility
Operation Number 5956/GR-HO
  • Lending Type: Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: IDB Grant Facility Account
  • Financial Instrument: IDB Grant Facility

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 Implementation Phase
https://www.iadb.org/document.cfm?id=EZIDB0000366-965128629-50444
Loan Contract
IDB CLIMA Decarbonization of the National Electric Power Company (ENEE) and Support for Financial Sustainability. First Individual Operation under the
Dec. 09, 2024
English
https://www.iadb.org/document.cfm?id=EZIDB0000366-965128629-50445
Loan Contract
BID CLIMA Descarbonización de la Empresa Nacional de Energía Eléctrica (ENEE) y Apoyo a la Sostenibilidad Financiera Primera Operación Individual bajo
Dec. 09, 2024
Spanish

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