$20 Million for Nicaraguan Electrical System
The loan granted by the European Investment Bank (EIB) is intended in part to finance the implementation of two hydroelectric plants.
Wednesday, April 1, 2009
Another of the objectives is the improvement of the power transmission network to increase its reliability and capacity.
'Larreynaga', a 17-MW hydroelectric power plant will be built with financing from Spain.
The credit will be designated for the improvement of the electricity distribution network in the country.
The funds will be used to rehabilitate the Santa Barbara and Central America hydroelectric plants, the two main generators of renewable energy in the country.
The National Assembly has approved a loan of $33 million with the South Korean bank Eximbank, to install solar panels in 15 municipalities, and another $10 million for electrification works in the Caribbean.
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