$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 project for the construction of 'Larreynaga' hidroelectric power station, ..., will be repaid in 25 years by the Government of Nicaragua, and will be developed by ENEL, the Nicaraguan Electricity Company", reported Google News.

More on this topic

Tumarín Dam: Up till Now Just a News Story

August 2012

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.

An article published in Elnuevoherald.com reiterates statements by the President Centrales Hidroeléctricas de Nicaragua, Marcelo Conde, that financing of $1.110 billion, the cost of the works, is being secured with the Central American Bank for Economic Integration and the Banco Nacional de Desarrollo Económico Social de Brasil, and that construction will begin in the next few months.

Honduras: Hydro Power Plants Move Forward

March 2010

Brazilian businessmen are holding meetings with government authorities in order to speed up the construction of hydro power plants Jicatuyo and Los Llanitos.

The two projects have a combined cost of $800 million, according to studies from ENEE, Honduras’ National Energy Enterprise.

$150 Million to Expand Salvadoran Hydroelectric

April 2009

Tenders for the project to double the capacity of the "5 de Noviembre” hydroelectric will begin in 2010.

The Río Lempa Hydroelectric Executive Committee (CEL) is currently reviewing the feasibility study and it expects to complete this stage in June or July of this year. The tender for the project would be for 2010. They believe that the expansion work will take 3 years and cost $150 million.

$280 million in Financing for Tumarín Hydropower Station

July 2014

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.

Days after the Hydro consortium of Nicaragua (CHN) requested compensation for the risk of a drought possibly affecting the financial performance of the project, the Central American Bank for Economic Integration (BCIE) stated its willingness to finance part of the hydroelectric dam.

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