A press release from Inter-American Development Bank (IDB) reads:
An IDB loan of U.S. $100 million will strengthen the power sector in El Salvador
The Inter-American Development Bank (IDB) today approved a loan of U.S. $100 million to support the reform process of the power sector in El Salvador and to diversify the energy matrix and savings in the electricity supply. The program includes strengthening the institutional framework of the electricity sector, increasing the use of renewables, improving energy efficiency and encouraging private sector participation and regional power integration in line with the National Energy Policy (NEP).
With the policy measures that the loan supports, a reduction in the electrical grid’s dependence on petroleum fuels (diesel) is expected, of between 45 to 27 percent, from 2016. To achieve this, a master plan will be defined for use of renewable energies such as hydraulic/water power, wind power, solar power, and small start-up renewable energy projects of under 20 MW that will be connected to the grid, and also the development biofuels and the application of technologies in agribusiness for the manufacture of bio-energy.
Source: Inter-American Development Bank
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July 2009
A $20 million concessional loan will help enhance power generation and distribution
The Inter-American Development Bank approved a $20 million concessional loan on June 30 to help improve the quantity, reliability and quality of the energy supply required for Nicaragua's sustained economic growth.
August 2010
A $40 million loan will support the expansion of the San Jacinto-Tizate project, boosting power generation capacity
The Inter-American Development Bank (IDB) announced the approval of a $40 million loan to finance the second phase expansion of the San Jacinto-Tizate geothermal power project, which is being developed by a private sector company, Polaris Energy Nicaragua S.A. (PENSA).
June 2011
The entity will fund up to 40% of the cost of the plants required by the tender held by Distribuidora Del Sur.
The generation of 359 MW of power needed to fulfil the long-term contract given Delsur cannot be achieved without expanding the production capacity with new plants.
May 2012
The National Energy Board of El Salvador has approved a Regulatory Framework for the Promotion of Renewable Energies.
From a press release from the Salvadoran Association of Industrialists (ASI):
In order to continue promoting power generation using renewable energy sources, the National Energy Council (CNE in Spanish) has revealed the adoption of a Regulatory Framework for the Promotion of Renewable Energy which will generate the policies and regulatory and financial measures needed to attract investment in these technologies.
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