Rural Electrification Program in Isolated Areas (IADB-HO-G1247)

Countries
  • Honduras
Geographic location where the impacts of the investment may be experienced.
Specific Location
Brus Laguna, Guanaja, El Corpus, Concepción de María
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
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
Proposed
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
A
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Borrower
Empresa Nacional de Energía Eléctrica (ENEE)
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
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, guarantee, technical assistance, advisory services, equity and fund.
Grant Amount (USD)
$ 6.40 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Investment Amount (USD)
Not Disclosed
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ IADB website

Updated in EWS Oct 25, 2017

Disclosed by Bank Apr 26, 2017

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.
The overall objective of the program is to support the development of the rural areas of the country, mainly coastal and island, through the implementation of decentralized and micro-grid renewable energy generation projects. The specific objectives are: (i) to provide access to electricity to those populations that do not have the service; (Ii) to reduce the cost of electricity to those populations that have electricity supply based on micro-grids with diesel generation; and (iii) to develop institutional capacity of the sector for the design, construction, operation and maintenance of these projects. IDB: ENERGY-RURAL ELECTRIFICATION The overall objective of the program is to support the development of the rural areas of the country, mainly coastal and island, through the implementation of decentralized and micro-grid renewable energy generation projects. The specific objectives are: (i) to provide access to electricity to those populations that do not have the service; (Ii) to reduce the cost of electricity to those populations that have electricity supply based on micro-grids with diesel generation; and (iii) to develop institutional capacity of the sector for the design, construction, operation and maintenance of these projects. IDB is also funding ENEE through Project 3103/BL-HO (Connection to MER) and 3435/BL-HO (Rio Lindo Hydro Complex).
Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.
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).

How it works

How it works