The $ 4,377 million represents 22.5% of the gross domestic product (GDP) in 2009.
"The bulk will be hydro generation with $ 2.655 million with a contribution to the electrical grid of about 841 megawatts, half the country's current installed capacity," published Prensa.com. "During this period, investment in power plants using fossil-fuel will only be $ 27 million."
Source: Prensa.com
More on this topic
February 2011
The loan from the European Investment Bank will finance the improvement of the national electricity transmission network.
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.
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.
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.
July 2010
The project will enable coverage to be increased to 90% of the country by 2014.
The Interamerican Development Bank (BID) approved the project presented by the Nicaraguan state power company (Enatrel).
“Part of the study evaluated the feasibility of connecting with renewable energy companies such as Blue Power and EOLO located in the region of Rivas.
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