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Nicaragua - Off-grid Rural Electrification Project : restructuring (Inglês)

The objective of the Off-grid Rural Electrification Project is to support the sustainable provision of electricity services and associated social and economic benefits in selected rural sites in Nicaragua, and to strengthen the Government's institutional capacity to implement its national rural electrification strategy. Two other changes included in the same package have been approved by the Regional Vice President: an 18 month extension of the closing date, from June 30, 2010 to December 31, 2011 and a reallocation of credit and grant proceed, as requested by the Ministry of Finance of Nicaragua. The changes will allow: (i) an additional 3,660 new electric services connections to poor households in rural Nicaragua, (ii) a full disbursement of the remaining International Development Association (IDA) credits and Global Environment Facility (GEF) grant, and (iii) compliance with the Bank safeguards policies and guidelines.




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