Release date: 21 November 2007
Promoter – Financial Intermediary
Empresa Nacional de Transmision Eléctrica
Location
Description
The project concerns a government programme to refurbish and strengthen critical areas of the electricity sector in Nicaragua. Main components are two hydro power plant refurbishments, transmission and substation strengthening.
Objectives
Contribute to securing in the long term the amount of hydro generation in the country’s electricity system in an environmentally sustainable way.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 15 million.
Total cost (Approximate amount)
EUR 85 million.
Environmental aspects
The project requires an Environmental Impact Assessment both, under EIB guidelines and under national legislation. Complete environmental details will be assessed during project appraisal.
Procurement
The promoter will be asked 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 EIB guidelines for public sector operations.
Status
Signed - 30/03/2009
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).