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
16 Apr 2003
Project closed
10 Aug 2012