1. Disseminate information on the state of the art technologies related with the smart grid system across the LAC through the case study of the smart grid test bed located in the Jeju island, Korea. 2. Enhance the institutional capabilities of the policymakers and private clients of the IDB in order to facilitate the adoption of the smart grid system in LAC and the necessary change in the regulatory framework including policy of real-time pricing for electricity. 3. Create sustainable energy module that could fit into the emerging and sustainable energy cities. It is very important to introduce the smart grid system in the early stage of urban development, because it is relatively easier to make infrastructure investment in smart metering devices, smart electric grid, electric car charging stations that could be options for smart grid in the earlier stage. 4. Develop investment loan projects related with smart grid. This KCP does not finance the implementation but will provide good starting point to prepare investment loans that are executed by the IDB.
Project Detail
Country
Regional
Project Number
RG-T2058
Approval Date
March 7, 2012
Project Status
Closed
Project Type
Technical Cooperation
Sector
ENERGY
Subsector
NEW POWER DISTRIBUTION & TRANSMISSION PROJECTS
Lending Instrument
-
Lending Instrument Code
-
Modality
-
Facility Type
-
Environmental and Social Impact Category (ESIC)
Category C: Likely to cause minimal or no negative environmental and associated social impacts
Total Cost
USD 250,000.00
Country Counterpart Financing
USD 0.00
Original Amount Approved
USD 250,000.00