Geothermal Exploration Program and Improved Power Transmission in the framework (IADB-NI-G1008)

Countries
  • Nicaragua
Where the impacts of the investment may be experienced.
Financial Institutions
  • Inter-American Development Bank (IADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Sep 7, 2016
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Sectors
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Grant
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 0.75 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ IADB website

Updated in EWS Jun 25, 2017

Disclosed by Bank Sep 7, 2016


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Project Description
This project aims to contribute to the sustainability of the energy sector in Nicaragua. The specific objectives are: (i) to develop the geothermal potential to diversify the energy matrix; and (ii) to increase the accessibility and reliability of the energy service supply through the increase in national and regional transmission capacity by implementing reinforcements to the grid.
Investment Description
  • Inter-American Development Bank (IADB)
The USD 0.75 million grant is nonreimbursable investment financing for the Geothermal Exploration and Transmission Improvement Program under the Nicaragua Investment Plan (PINIC). Supporting funds include the Clean Technology Fund and the Scaling Up Renewable Energy Program in Low Income Countries (“SREP”) of the Strategic Climate Fund.
Contact Information
ACCOUNTABILITY MECHANISM OF IADB The Independent Consultation and Investigation Mechanism (MICI) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an Inter-American Development Bank (IDB) or Inter-American Investment Corporation (IIC)-funded project. If you submit a complaint to MICI, they may assist you in addressing the problems you raised through a dispute-resolution process with those implementing the project and/or through an investigation to assess whether the IDB or IIC is following its own policies for preventing or mitigating harm to people or the environment. You can submit a complaint by sending an email to MICI@iadb.org. You can learn more about the MICI and how to file a complaint at http://www.iadb.org/en/mici/mici,1752.html (in English) or http://www.iadb.org/es/mici/mici,1752.html (Spanish).