Brazilian companies will build hydroelectric plant in Nicaragua

Two Brazilian companies will participate in the construction of an ambitious hydroelectric program in the northern part of Nicaragua

Friday, August 1, 2008

The hydroelectric project Tumarín, is expected to be fully functional by the end of 2012. The project will increase the percentage of hydroelectric energy that is produced in the country from 18 to 36%. Tumarín will be built by the Brazilian State Electric Business (Eletrobras) and the company hydroelectric power stations of Central America INC., that belongs to the Brazilian group Queiroz Galvao. During the construction phase, the Tumarín project will create some three thousand direct and indirect jobs. By being an energy project of more than 30 megawatts, Tumarín will have to be approved by the National Assembly to initiate its installation in the country because the energy produced will exceed 30 megawatts.

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.

Nicaragua: Tumarín Hydro Power Plant Moves Forward

January 2010

Business sources indicate that the $625 million project would begin construction in 2010, in spite of having a pending judicial resolution.

The plant will be located in Nicaragua's south Caribbean coastline, and will be capable of generating 220 MW of power.

Marcelo Conde, president of "Centrales Hidroeléctricas de Centroamérica" (CHC), explained they are negotiating the purchase of 300 lots, to create a 50 square kilometer reservoir.

Nicaraguan Congress Approves Tumarín Project

July 2009

The project with a cost of $500 million, which aims to generate 180 megawatts for the country, was approved in the National Assembly.

The Special Law for the Development of the Hydroelectric Project in Tumarín establishes, among other things, a deposit of $42 million to the company that will execute the project as a guarantee it will be done.

New Push for Tumarín Hydroelectric in Nicaragua

June 2009

The $350 million concession for the execution of the hydroelectric project is pending approval by the national assembly.

The consortium that will build the project that is expected to generate 180 megawatts is composed of the Brazilian group Queiroz Galvao, the Brazilian state-owned Petrobras Company, Nicaraguan businessmen linked to the Production and Finance Banks and the Italian Company Astaldi.

 close (x)

Receive more news about Energy

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


ATENAS: 13 HA, 1.5 KM from Highway 27, US$ 11/m2

Prime Lake Front Real Estate near San Jose, CR Now Available for Development, an extraordinary commercial real estate opportunity.
A lush 32 acre/13 hectare plot located just West of the...

Stock Indexes

(Aug 30)
Dow Jones
-0.07%
S&P 500
0.14%
Nasdaq
0.38%

Commodities

(Aug 30)
Brent Crude Oil
51.370
Coffee "C"
127.05
Gold
1,310
Silver
17.435