Nicaragua: $ 70 million for Power Grid

The loan from the European Investment Bank will finance the improvement of the national electricity transmission network.

Tuesday, February 1, 2011


©image: ashleigh290

The loan will finance the expansion and improvement of energy supply, increasing efficiency, improving service reliability and increasing power generation from renewable sources such as hydro, geothermal and wind.

The project involves the installation of about 640 km of new transmission lines, construction of nine new substations and improving existing lines and substations by upgrading their capacity and voltage.

More on this topic

Nicaragua to transform its energy matrix and expand access to electricity

July 2010

IDB concessional loan will benefit 1.7 million people and develop new sources of renewable energy, contributes to $381 million multi-donor program

Nicaragua has embarked on a historic program to transform its energy matrix and expand access to electricity among the poor with help from a $30.5 million concessional loan approved on July 7 by the Inter-American Development Bank.

$20 Milllion for Nicaraguan Power Grid

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.

Honduras: $ 33.8 Million for Power Grid

January 2011

IDB funds will be used to strengthen power transmission.

The Manager of the National Electricity Company (ENEE), Roberto Martínez Lozano, referred to projects where such as the expansion of the Amarateca substation, the expansion of the Zamorano substation and improvement in the departments of Olancho , Francisco Morazan and El Paraiso.

ENEL has $127 million to Invest in El Salvador

July 2011

Since litigation began in 2008 regarding the funding of LaGeo, investment plans in El Salvador have ben stalled, but are now coming back into effect.

An article in Laprensagrafica reports that the company Enel will invest $127 million in El Salvador next year as part of the original plan which was based on an agreement with shareholders that the Italian company would provide more capital, in exchange for just over 50% of the shares of the geothermal company LaGeo. This investment plan has been frozen since 2008 after ENEL began arbitration proceedings against ENEL Investment Energy (INE) and the Lempa River Hydroelectric Executive (CEL) because they wouldnt allow the funding.

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