The project centers on the installation of solar photovoltaic mini-grids paired with battery storage and smart metering, ensuring power availability beyond daylight hours. Alongside these off-grid solutions, the investment funds the expansion of the existing national electricity grid to reach previously isolated community facilities and homes. Karla González, the IDB’s country representative, noted that the program aims to foster economic inclusion by enabling residents to utilize electricity for income-generating activities rather than just basic household needs.
Financial support arrives through a $20 million loan from the IDB’s Ordinary Capital, supplemented by $3.75 million in nonreimbursable grants from the Nonreimbursable Financing Facility and the Low Carbon Energy Fund. The loan carries a 25-year repayment schedule with a 5.5-year grace period. Beyond physical infrastructure, the program includes institutional support to ensure long-term maintenance and technical capacity for local energy planning, aiming to make rural electrification a permanent pillar of the nation's development.
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