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RG-L1030 : Fundacion Covelo - Renewable Energy Solutions for Rural Populations in Central A

Project Status: Closed

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

Project Number
RG-L1030
Project Country
Regional
Project Sector
Project Subsector
Project Type
Loan Operation
Project Lending Type
NSG
Project Modality
PSL (Private Sector Loan)
Project Facility Type
Project Status
Closed
Operation Number
2602A/OC-RG-1

Financial Information

Project Number
RG-L1030
Project Status
Closed

IDB Financing

Financing type
PSL
Fund
Ordinary Capital
Reporting currency
USD - United States Dollar
Reporting date
Jun/30/2023

Roles & Responsibilities

Contract signature date
Nov/07/2012
Operation Number
2602A/OC-RG

Financial Information

Project Number
RG-L1030
Project Status
Closed

IDB Financing

Financing type
PSL
Fund
Ordinary Capital
Reporting currency
USD - United States Dollar
Reporting date
Jun/30/2023

Roles & Responsibilities

Contract signature date
Nov/07/2012
Operation Number
2602A/OC-RG-2

Financial Information

Project Number
RG-L1030
Project Status
Closed

IDB Financing

Financing type
PSL
Fund
Ordinary Capital
Reporting currency
USD - United States Dollar
Reporting date
Jun/30/2023

Roles & Responsibilities

Contract signature date
Nov/07/2012

Project Information

Total Cost
USD 6,000,000
Country counterpart financing
USD 3,000,000
Amount
USD 3,000,000

Preparation

Title
Type
Project Number
Date Published
Environmental & Social Management Reports
RG-L1030
July 31, 2012
Project Abstract
RG-L1030
May 26, 2011