Nicaraguan Businessmen Support Amayo Energy Project
The Nicaraguan Council of the Private Enterprise asked the government to permit the expansion of project Amayo.
Monday, September 28, 2009
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.
Nicaraguan, Guatemalan, and American businessmen will put the first wind energy project into action in the southern Nicaragua next November.
Negotiations between Amaya S.A. and the Energy Ministry for renewing permits and licenses came to an end.
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.
The first 40 megawatts wind energy plant, built at a cost of $95 million, will begin operations on January 4.
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