Hybrico: Hybrid Energy for Regional Connectivity (IADB-RG-L1122)

Regions
  • Latin America and Caribbean
Where the impacts of the investment may be experienced.
Countries
  • Guatemala
  • Honduras
  • 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
Approved
Bank Risk Rating
B
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
Dec 13, 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
  • Communications
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 14.00 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)
$ 18.00 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 Jan 8, 2018


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Project Description
From the IDB: "The project seeks to promote the adoption of an innovative hybrid model for the provision of electrical power services to off-grid or bad-grid sites, that has been designed and is promoted by Hybrico, generating efficiencies and a more stable performance in the operation of telecommunication towers to small urban centers and remote peripheral or rural areas facilitating their connectivity. This model will generate positive environmental impacts by reducing fuel consumption and carbon footprint in the operation of these towers. The project will support Hybrico to pilot this hybrid technology in a set of off-grid and bad-grid telecommunication towers in Nicaragua, Honduras and Guatemala. It is estimated that if the pilot is successful, it could later be scaled up to about 5,000 towers throughout Central America."
Investment Description
  • Inter-American Development Bank (IADB)
Financed through the MIF-Small Enterprise Investment Fund. Country financing covers $4 million of project costs.
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).