Off-grid Rural Electrification for Development (PERZA)

Project Summary

The project’s global objective is to achieve GHG reductions through the alleviation of policy, information, institution capacity and financing barriers that currently hinder renewable energy technology dissemination and market development in Nicaragua. The Development Objective is to create a mechanism to focus and heighten the government commitment to extend electrification services in a sustainable manner as an engine for economic growth with social equity.

Project Details

GEF Project ID
1079
Project Type
Full-size Project
Status
Completed
Country
Nicaragua
Region
Focal Areas
Funding Source
GEF Trust Fund
Implementing Agencies
United Nations Development Programme
Executing Agencies
Comision Nacional de Energia (CNE)
GEF Period:
GEF - 3
Approval Fiscal Year:
2003

Financials

Project Preparation Grant Amount
350,000 USD
GEF Project Grant
7,504,300 USD
Co-financing Total
27,200,000 USD
GEF Agency Fees
858,000 USD
Total Cost 35,054,300.00 USD

Project Timeline

Received by GEF
12 Apr 2001
Preparation Grant Approved
28 Feb 2002
Concept Approved
01 Oct 2002
Project Approved for Implementation
17 Apr 2003
Project closed
31 Dec 2011