$64 Million For Nicaraguan Hydro Power Station
'Larreynaga', a 17-MW hydroelectric power plant will be built with financing from Spain.
Friday, September 25, 2009
Funds for the project will be channeled through the Central American Bank for Economic Integration (CABEI).
The Tumarín hydroelectric project by the Brazilian company Centrales Hidroeléctricas de Nicaragua, has not recorded any material progress, despite repeated announcements of the start of construction.
Brazilian businessmen are holding meetings with government authorities in order to speed up the construction of hydro power plants Jicatuyo and Los Llanitos.
Tenders for the project to double the capacity of the "5 de Noviembre” hydroelectric will begin in 2010.
The Central American Bank for Economic Integration has announced that it has resources available to finance in Nicaragua part of the project by a consortium of Brazilian companies.
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