CABEI allocates $143m for Nicaragua electrification project
The Central American Bank for Economic Integration (CABEI) has approved a $143 million loan to Nicaragua to continue financing the National Program for Sustainable Electrification and Renewable Energy.
The financing, which will help Nicaragua - for the first time in history - to achieve an expected electrification rate of 99.9% by 2025, will have a 15-year term with a three-year grace period and an indicative interest rate of Libor 6 months plus 225 basis points.
The program will be executed by the National Electric Transmission Company in 17 departments or regions of the country: Boaco, Carazo, Chinandega, Chontales, Estelí, Granada, Jinotega, León, Managua, Madriz, Masaya, Matagalpa, Nueva Segovia, Río San Juan, Rivas, the Autonomous Region of the Northern Caribbean Coast and the Autonomous Region of the Southern Caribbean Coast.
