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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 | Completed |
| 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.