Support to the Geothermal Exploration Program and Improved Power Transmission in the Framework of Ni (IADB-NI-T1232)

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
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.
Voting Date
Aug 31, 2017
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
  • Technical Cooperation
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)
$ 0.46 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 0.46 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ IADB website

Updated in EWS Sep 19, 2017


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Project Description
IDB: ENERGY-NEW POWER DISTRIBUTION & TRANSMISSION PROJECTS "The main objective of this TC is to support the execution of the "Geothermal Exploration and Transmission Improvement Program under the Nicaragua Investment Plan (PINIC)" operation NI-L1094 as well as the fulfillment of the social and environmental requirements that were established for the Program eligibility. The specific objectives of the TC are: (i) provide expert support to the Ministry of Energy and Mines (MEM) in the technical and administrative management of Component 1 (C1) Geothermal Exploration; and (ii) provide technical support to the Environmental Management Units (UGAs) of MEM, the Nicaraguan Electricity Company (ENEL) and the National Electricity Transmission Company (ENATREL), with regard to the environmental and social management that is related to the development and implementation of geothermal and transmission projects, respectively, particularly, providing support for the fulfillment of the environmental and social requirements of the Environmental and Social Action Plan (PAAS) as well as other documents from the loan contract associated to the Program."
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).