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Nicaragua: Soft Loan to Fund EUR 4 Million Project

Submitted by Baerbel Epp on October 14, 2016
Hospital ManaguaThere is now nothing in the way of constructing an impressive solar heating and cooling installation in Nicaragua. At the end of September, the last signatures were placed under the contract documents for a 4,450 m² collector field which will supply air conditioning and warm water to the Hospital Militar Escuela Dr. Alejandro Dávila Bolaños in Managua (see photo), the capital city of the central American nation. “Installation work will start in January 2017, and commissioning is planned for the second quarter of next year,” was how Christian Holter, Managing Director of S.O.L.I.D, outlined the ambitious plan. The Austrian turnkey system supplier had been struggling for over three years to receive financing for the 4 million EUR project in form of a soft loan, a financing instrument for developing countries.
Photo: Hospital Militar Escuela Dr. Alejandro Dávila Bolaños
 

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