No end in sight for Nicaragua's growing energy crisis
Nicaragua's energy crisis is growing ever more severe because of the absence of investment in the electricity industry, said Lorena Lanza Espinoza, a senior Energy official.
Tuesday, May 20, 2008
Nicaragua, Central America's smallest power market, requires some 500 megawatts a day of electricity, but demand is growing by 5 percent a year and the country has no way of meeting it. The result has been two years of power cuts of up to 12 hours at a time, Espinoza explained in a newspaper interview.
From May of next year, Mexico's state-owned Federal Electricity Comission (CFE) will begin to sell Guatemala 200 megawatts of power under a five-year accord signed in 2006.
Organized by the Union of Industrialists of Panama (SIP) and the Secretary of Energy, the event will be held on 10th and 11th of October at the Hotel El Panama.
A US$62.2 million expansion of the Talnique power station will add 50 megawatts to El Salvador's generating capacity.
Fitch Ratings discussed the 2011 outlook for the transportation and energy sectors in Latin America.
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