Luz no Campo - Light in the Countryside Rural Electrification program
Brazil: Luz no Campo - Light in the Countryside Rural Electrification program
The largest rural electrification program undertaken in Brazil, Luz no Campo intended to electrify one million rural homes in a three year period.
Date Implemented: 1999
Funding Information:Initial estimates forecasted a required investment of around $1 billion, or nearly $1000/new consumer. Rural consumers were typically expected to pay the full costs of the connection spread over a number of years. Luz-no-Campo lended 75% of the investment to concessionaires at 6% interest, with a two-year grace period and a five to ten year repayment period.
Target: The goal of the first stage (by 2002) was to electrify one million rural homes
References: IEA, http://www.iea.org/textbase/pamsdb/detail.aspx?mode=jr&id=1477