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    Signature(s)

    Amount
    € 146,092,037.99
    Countries
    Sector(s)
    Nicaragua : € 146,092,037.99
    Energy : € 146,092,037.99
    Signature date(s)
    29/12/2015 : € 146,092,037.99
    Other links

    Summary sheet

    Release date
    23 February 2015
    Status
    Reference
    Signed | 29/12/2015
    20140459
    Project name
    Promoter - financial intermediary
    NICARAGUA HYDRO DEVELOPMENT AND TRANSMISSION
    EMPRESA NACIONAL DE TRANSMISION ELECTRICA
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    USD 160 million
    USD 448 million
    Location
    Sector(s)
    • Energy - Electricity, gas, steam and air conditioning supply
    Description
    Objectives

    The project consists of 480 km of 230 kV east-west transmission lines in Nicaragua, which will connect a large hydro power plant (253 MW power, 40 km2 regulating reservoir) to the main and regional network, including as well five new/extended substations. The present project involves both public and private sectors; the EIB support will go to the public sector investment. The public sector investment concerns the transmission line which is to be implemented by the Nicaraguan government via the state-owned transmission company.

    The project consists of transmission investments that are necessary to allow access of a renewable electricity project to the main consumption centres of the country, to replace present and future fossil-based generation. The project therefore contributes to the mandate objectives of climate change mitigation and economic infrastructure development.

    Environmental aspects
    Procurement

    Due to its size and technical characteristics, the project, if located within the EU, would fall under Annex I of Environmental Impact Assessment (EIA) Directive 2011/92/EU, requiring mandatory EIAs for the transmission lines and hydro power plant. Therefore, the environmental and social impact has been evaluated through appropriate environmental and social impact assessment (ESIA) procedures, including public consultation. The ESIA procedures and the issuance of the relevant environmental permits for the hydro power plant and transmission lines have been completed, identifying the relevant environmental and social impact and risks and developing relevant environmental and social management plans (ESMPs) to manage the impact. The EIB will ensure that appropriate measures are taken to protect the environment and the rights of the project-affected people and avoid, reduce, mitigate, compensate and remedy the impact.

    The Bank will require the promoter to ensure that implementation of the project is done in accordance with the Bank's Guide to Procurement.

    Under ELM Guarantee

    This operation is covered by the EU Guarantee for EIB loans outside the EU.

    Other links

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Documents

    Environmental and Social Impact Assessment (ESIA) - NICARAGUA HYDRO DEVELOPMENT AND TRANSMISSION - EIA ENATREL - Hydroelectric Project Tumarín
    Publication Date
    16 Apr 2016
    Document language
    Main Topic
    Lending
    Document Number
    53601158
    Document Focus
    Environmental Information
    Project Number
    20140459
    Sector(s)
    Countries
    Publicly available
    Download now
    Environmental and Social Impact Assessment (ESIA) - NICARAGUA HYDRO DEVELOPMENT AND TRANSMISSION - EIA CHN - Hydroelectric Project Tumarín
    Publication Date
    16 Apr 2016
    Document language
    Main Topic
    Lending
    Document Number
    54294235
    Document Focus
    Environmental Information
    Project Number
    20140459
    Sector(s)
    Countries
    Publicly available
    Download now
    Environmental and Social Data Sheet (ESDS) - NICARAGUA HYDRO DEVELOPMENT AND TRANSMISSION
    Publication Date
    6 Jan 2016
    Document language
    Main Topic
    Lending
    Document Number
    63908592
    Document Focus
    Environmental Information
    Project Number
    20140459
    Sector(s)
    Countries
    Publicly available
    Download now
    Environmental and Social Impact Assessment (ESIA) - NICARAGUA HYDRO DEVELOPMENT AND TRANSMISSION - Estudio de Impacto Ambiental - Proyecto Línea de Transmissión Anillo de 230 Kv - Los Brasiles - San Benito - Masaya
    Publication Date
    15 Feb 2018
    Document language
    Main Topic
    Lending
    Document Number
    82350459
    Document Focus
    Environmental Information
    Project Number
    20140459
    Sector(s)
    Countries
    Publicly available
    Download now
    Environmental and Social Impact Assessment (ESIA) - NICARAGUA POWER TRANSMISSION - Estudio de Impacto Ambiental (EIA) - Proyecto Construcción Nueva Subestación Villanueva y LT de 138 KV SE El Sauce – SE Villanueva
    Publication Date
    25 Feb 2018
    Document language
    Main Topic
    Lending
    Document Number
    82548285
    Document Focus
    Environmental Information
    Project Number
    20140459
    Sector(s)
    Countries
    Publicly available
    Download now
    Environmental and Social Impact Assessment (ESIA) - NICARAGUA POWER TRANSMISSION - Estudio de Impacto Ambiental (EIA) - Proyecto Subestación Central y Línea 138 kv Doble Circuito
    Publication Date
    25 Feb 2018
    Document language
    Main Topic
    Lending
    Document Number
    82552680
    Document Focus
    Environmental Information
    Project Number
    20140459
    Sector(s)
    Countries
    Publicly available
    Download now
    Environmental and Social Impact Assessment (ESIA) - NICARAGUA POWER TRANSMISSION - Estudio de Impacto Ambiental (EIA) - Subestaciones La Dalia, El Cuá - Línea de Transmisión en 138 kV San Ramón – El Cuá
    Publication Date
    27 Feb 2018
    Document language
    Main Topic
    Lending
    Document Number
    82549277
    Document Focus
    Environmental Information
    Project Number
    20140459
    Sector(s)
    Countries
    Publicly available
    Download now
    Environmental and Social Impact Assessment (ESIA) - NICARAGUA POWER TRANSMISSION - Subestacion Jinotega Y Línea De Transmisión En Doble Circuito 138 Kv
    Publication Date
    27 Feb 2018
    Document language
    Main Topic
    Lending
    Document Number
    82553230
    Document Focus
    Environmental Information
    Project Number
    20140459
    Sector(s)
    Countries
    Publicly available
    Download now
    Link to source

    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.

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    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.

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