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

Countries
  • Honduras
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
Bank Risk Rating
A
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.
Borrower
Empresa Nacional de Energía Eléctrica (ENEE)
The holder of the loan, grant, or other investment.
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.
Grant Amount (USD)
$ 6.40 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Investment Amount (USD)
Not Disclosed
When disclosed, the bank did not provide this value. Please review updated project documents for more information.
Primary Source

Original disclosure @ IADB website

Updated in EWS Oct 25, 2017

Disclosed by Bank Apr 26, 2017


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Project 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
  • Inter-American Development Bank (IADB)
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).