Energy Parque Eólico Amayo wind energy Ministerio de Energía y Minas (Nicaragua) Renewable Energy energy investment clean energy Investment Sean Porter Arctas Ashmore Energy International Centrans Empresa Nacional de Transmisión Eléctrica (Nicaragua) José Adán Aguerri Mergers & Acquisitions

Nicaragua Cancels Wind Power Project Amayo

Negotiations between Amaya S.A. and the Energy Ministry for renewing permits and licenses came to an end.

Tuesday, October 13, 2009

Sources close to the negotiation process told newspaper Prensa that the consortium desisted on continuing with the required paperwork.

The same source also informed that "...the license for Amayo II was officially canceled, and that a 50 MW concession was granted to company Eolo. This company is owned by a Mexican millionaire, friend of Humberto Ortega, the President's brother".

Source: laprensa.com.ni

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wind energy Renewable Energy clean energy

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Parque Eólico Amayo Ministerio de Energía y Minas (Nicaragua)

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energy investment Energy

Nicaragua Awards License for Project Amayo II

October 2009

The Ministry of Energy and Mines granted an energy generation license to Amayo Consortium, in order to resume the II phase of their wind energy project.

This project could begin operating in 2010, after a $55 million investment.

"An investigation by newspaper La Prensa suggests that the Government was previously blocking the development of project Amayo II, in favor of another similar project, carried out by company Eolo S.A.", reports Laprensa.com.ni.

Nicaragua Negotiates Renovation of Wind Power Licenses

October 2009

The Energy Ministry is having talks with Amayo Consortium in order to renew their operating license.

Lorena Lanzas, Energy vice minister, said: "Talks have been restarted with them, because the Government wants to promote and foster these type of projects".

"Sources from the energy Industry ...

Nicaraguan Businessmen Support Amayo Energy Project

September 2009

The Nicaraguan Council of the Private Enterprise asked the government to permit the expansion of project Amayo.

On August 20th, the government authorized Amayo to conduct feasibility studies for expanding the project. However, eight days after, it decided to cancel the permits, after realizing that the consortium had already started construction of the second phase of the project.

'Amayo' Wind Farm Would Increase Capacity

August 2009

Nicaragua granted "Consorcio Eólico Amayo" authorization to conduct feasibility studies for expanding the wind farm located in the country's south.

In the second phase 11 wind turbines would be installed, each one capable of 2.1 MW, for a combined total of 23.1 MW.

"Amayo wind farm currently generates 40 MW of energy, by means of 19 wind turbines.