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IDB and JICA extend renewables funding for Central America and Caribbean

Las Pialas plant, Costa Rica (source: Ormat)
Alexander Richter Alexander Richter 2 Apr 2014

The Inter-American Development Bank (IDB) and the Japan International Cooperation Agency (JICA) announce a funding increase rom $300m to $1bn for co-financing under the Renewable Energy and Energy Efficiency (Core) framework agreement for renewable energy projects in Central America and the Caribbean.

Reported this week, the Inter-American Development Bank (IDB) and the Japan International Cooperation Agency (JICA) have announced an update to the co-financing for Renewable Energy and Energy Efficiency (Core) framework agreement signed in 2012 from $300m to $1bn and made new territories eligible.

Apart from the member countries of the Inter-American Development Bank, which includes Belize, the Dominican Republic, El Salvador, Guatemala, Guyana, Honduras, Jamaica and Nicaragua, the countries of Costa Rica, Panama and Suriname will also be included. The Caribbean Development bank and the nations in the eastern Caribbean, Dominica, Grenada, St. Lucia, St. Vincent and the Grenadines are also part of it.

This includes pretty much all the countries with some geothermal interest.

Under the Core framework the first co-financing loans have been approved by both IDB and JICA in Nicaragua. There have also been other projects funded, including a geothermal scheme in Costa Rica.

Source: ReNews