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Fundacion Covelo - Renewable Energy Solutions for Rural Populations in Central A

The project's objective is to provide funding and technical assistance for the introduction of renewable energy generation (a concept that neither banks nor micro finance institutions are funding in the region). The channeling of funds would be made through the strengthening of a second-tier fund managed by the Foundation from Honduras Jose Maria Covelo (Covelo "), which will create a line of funding for microfinance in Central America (Honduras, Nicaragua, El Salvador, Guatemala and Panama) for the introduction of renewable energy systems Tecnosol Company.

Project Detail

Country

Regional

Project Number

RG-L1030

Approval Date

October 26, 2011

Project Status

Closed

Project Type

Loan Operation

Sector

-

Subsector

-

Lending Instrument

BID Invest

Lending Instrument Code

IIC

Modality

PSL (Private Sector Loan)

Facility Type

-

Environmental Classification

-

Total Cost

USD 6,000,000.00

Country Counterpart Financing

USD 3,000,000.00

Original Amount Approved

USD 3,000,000.00

Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
2602A/OC-RG Non-Sovereign Guaranteed USD - United States Dollar Ordinary Capital Private Sector Financing
2602A/OC-RG-1 Non-Sovereign Guaranteed USD - United States Dollar Ordinary Capital Private Sector Financing
2602A/OC-RG-2 Non-Sovereign Guaranteed USD - United States Dollar Ordinary Capital Private Sector Financing
Operation Number 2602A/OC-RG
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Ordinary Capital
  • Financial Instrument: Private Sector Financing
Operation Number 2602A/OC-RG-1
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Ordinary Capital
  • Financial Instrument: Private Sector Financing
Operation Number 2602A/OC-RG-2
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Ordinary Capital
  • Financial Instrument: Private Sector Financing

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Implementation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-1682960777-677
Agreement - Financial Closing - SCF
Fundación Covelo - Provisión de Soluciones de Energía Renovable para las Poblaciones Rurales en Centroamérica [37370125].PDF
Nov. 03, 2014
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-1682960777-678
Agreement - Financial Closing - SCF
Covelo Foundation - Renewable Energy Solutions for Rural Populations in Central America [37370126].PDF
Nov. 03, 2014
English
https://www.iadb.org/document.cfm?id=EZSHARE-1682960777-679
Agreement - Financial Closing - SCF
Fundación Covelo - Provisión de Soluciones de Energía Renovable para las Poblaciones Rurales en Centroamérica [36423352].PDF
May. 16, 2014
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-1682960777-682
Agreement - Financial Closing - SCF
Covelo Foundation - Renewable Energy Solutions for Rural Populations in Central America [36423359].PDF
May. 16, 2014
English
Preparation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-1682960777-680
Environmental and Social Management Reports
Fundacion Covelo (RG-L1030) - ESMR [37938824].DOCX
Jul. 31, 2013
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-1682960777-676
Environmental and Social Strategies
Environmental and Social Strategy Fundacion Covelo Project [36201213].PDF
Dec. 31, 1999
English
https://www.iadb.org/document.cfm?id=EZSHARE-1682960777-681
Project Abstract
Project Abstract Fundacion Covelo Project [36201228].PDF
Dec. 31, 1999
English

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