Substitution of Fossil based Electricity Generation with Renewable Energy

The objective of this Technical Cooperation (TC) is to promote a transition from existing fossil fuel generation capacity to renewable energy (RE) by presenting potential clients with a technically and financially viable transition package, based on a stable stream of revenues derived from their existing long term Power Purchase Agreements (PPAs) and benefiting from the reduction in operating costs and other upsides such as tax incentives, that renewable energy projects entail.

Project Detail

Country

Regional

Project Number

RG-T2376

Approval Date

November 14, 2013

Project Status

Closed

Project Type

Technical Cooperation

Sector

ENERGY

Subsector

ENERGY EFFICIENCY AND RENEWABLE ENERGY IN END USE

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 1,250,000.00

Country Counterpart Financing

USD 300,000.00

Original Amount Approved

USD 950,000.00

Financial Information

Operation Number	Lending Type	Reporting Currency	Reporting Date	Signed Date	Fund	Financial Instrument
ATN/OC-14129-RG	Sovereign Guaranteed	USD - United States Dollar	Nov. 30, 2024	Nov. 14, 2013	Ordinary Capital	Nonreimbursable

Operation Number

ATN/OC-14129-RG

Lending Type: Sovereign Guaranteed
Reporting Currency: USD - United States Dollar
Reporting Date: Nov. 30, 2024
Signed Date: Nov. 14, 2013
Fund: Ordinary Capital
Financial Instrument: Nonreimbursable

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