Nicaragua: $27 million for Renewable Energy

The Intergovernmental Agreement signed by both governments is for $27.2 million, with a forty-year term, and a grace period of ten (10) years.

The credit line will be used to fund the National Sustainable Electrification and Renewable Energy Program, to be implemented by ENATREL.

El Nuevo Diario quoted the Nicaraguan Foreign Minister Samuel Santos who said,"This is a very important loan to continue with our plans to change the energy matrix whichis highly dependent on oil, to clean energy."

Source: elnuevodiario.com.ni

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August 2010

Companies in the sector are working on a proposal that would provide incentives to attract clean energy projects to the country.

The current legal framework only allows incentives for large-scale projects, excluding small investments, comments Leonor Gutiérrez, an energy sector consultant analyst.

Nicaragua: $ 70 million for Power Grid

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