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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.

José Adán Aguerri, president of the Council, insisted that "President Ortega must 'rectify' its position, because Amayo Consortium is a serious company betting for Nicaragua", reported Google News.

Source: Google Noticias

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wind energy

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José Adán Aguerri Private Enterprise Council (Nicaragua) Parque Eólico Amayo

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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 Cancels Wind Power Project Amayo

October 2009

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

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.

Aeolian energy plant comes online in Nicaragua

December 2008

The first 40 megawatts wind energy plant, built at a cost of $95 million, will begin operations on January 4.

Amayo manager, Sean Porter, said that 18 of the 19 wind powered generators (100 meters high) at the wind farm are fully installed in the Department of Rivas, 128 kilometers to the south of Managua.

First wind farm in Nicaragua

September 2008

Nicaraguan, Guatemalan, and American businessmen will put the first wind energy project into action in the southern Nicaragua next November.

The Amayo Aeolian Park is located 128 kilometers south of the capital in a area of the province of Rivas, which is known for its intense and constant winds throughout most of the year.