Summary sheet
Transmission systems reinforcements in rural areas. The programme consists of investments that support energy efficiency and renewable energy within GoN programme “Programa National de Electrificacion Sostenible y Energia Renovable” (PNESER) framework. The programme includes investments in renewable generation with grid extensions and refurbishments in unelectrified rural areas of the country, rural electrification, refurbishment of urban grids, pre-investment studies of renewable investments (hydro, wind), energy efficiency (regarding air-conditioning and lighting equipment) and providing security of supply to isolated electricity systems by refurbishments and renewable generation development. The programme components are dispersed throughout the country.
The electricity market of Nicaragua is suffering from inadequate generation capacity, ageing and unreliable transmission infrastructure and an insufficient level of cost recovery from customers. Despite a recent increase of up to about 800 MW, Nicaragua still has inadequate generation capacity compared to the growing consumption estimated at 4%/year starting from 2001. About 80% of generated electricity is produced from fossil fuels (oil). The programme addresses the critical components of all these electricity sector problems and is expected to provide for improved energy supply reliability in Nicaragua, which is a pre-requisite for sustainable growth.
Due to their size and technical characteristics several components of the programme, if located within the EU, would fall under Annex II of Directive 97/11/EC and amendments. These programme components will need to be screened for the necessity of EIA by the competent Environmental Authority, under IADB and EIB guidelines.
The promoter will be required to publish all contracts to be part-financed by the Bank in the Official Journal of the European Union, and procure them in line with the provisions of the Bank’s Guide to Procurement for public sector operations.
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).
News & Stories
General enquiries and comments
The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.
Media enquiries
Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.
Complaints mechanism
Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.
Zero tolerance against fraud and corruption
The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.
Related publications