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- Caribbean Coast Rural Electrification Project, Phase 2
Caribbean Coast Rural Electrification Project, Phase 2
Nicaragua
Borrower | Nicaragua |
Financing Type | Public Sector |
Instrument | Project Loan |
Focus Area | Energy |
Approved | 07.07.2017 |
Signed | 13.10.2017 |
Status | Ongoing |
Loan Administrator | OPEC Fund |
Executing Agency | ENATREL |
Co-financiers | Government |
OPEC Fund Contribution (US$m) | 10.50 |
Total Project Cost (US$m) | 13.00 |
To provide modern energy services to off-grid, remote communities in high-poverty areas. This will boost Nicaragua’s development, enhance quality of life and promote income–generating activities for over 33,000 people. OFID also co-financed the first phase of the project.