Nicaragua: Blue Power Awaits Tariff Approval
The company is waiting for the Nicaraguan energy institute to approve the prices it presented, which are higher than the market average.
Wednesday, August 11, 2010
The sale-purchase contract signed by Blue Power with natural gas distributors and Unión Fenosa fixes the price of each megawatt at $104.50 with an annual increase of 3% over the next 15 years.
In Costa Rica the last three adjustments add up to more than 11%, which is well above the 4% inflation announced by the Central Bank.
The Public Services Regulatory Authority of Costa Rica has approved seven new concessions for electric power generation.
The increase will come into effect on May 1st.
With the entry of new players in power generation and use of clean energy sources, electricity prices could fall by between 25% to 30% over the next two years.
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