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
Country
Nicaragua
Implementing Agencies
United Nations Development Programme
The World Bank
The World Bank
Status
Completed
Region
Latin America and Caribbean
Executing Agencies
Comision Nacional de Energia (CNE)
GEF Period
GEF - 3
Project Type
Full-size Project
Focal Areas
Funding Source
GEF Trust Fund
Project Documents
Financials
USDCo-financing Total
27,200,000
GEF Project Grant
7,504,300
GEF Agency Fees
858,000
Timeline
Received by GEF
11 Apr 2001
Concept Approved
15 Oct 2002
Project Approved for Implementation
16 Apr 2003
Project Closed
23 Jan 2014