Plan to build hydroelectric plant in Nicaragua

Brazil and Nicaragua moved ahead with negotiation to construct the Tumarin Hydroelectric plant in the north of the Central American country

Thursday, October 9, 2008

"There are already figures on the cost of the works and we are completing the relevant studies, but the most important thing is the political decision as the technical decision was made and already in progress," said Santos Lopez, after meeting this Wednesday in Rio de Janeiro with the Brazilian foreign minister, Celso Amorim.



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Tumarín Dam: Up till Now Just a News Story

August 2012

The Tumarín hydroelectric project by the Brazilian company Centrales Hidroeléctricas de Nicaragua, has not recorded any material progress, despite repeated announcements of the start of construction.

An article published in Elnuevoherald.com reiterates statements by the President Centrales Hidroeléctricas de Nicaragua, Marcelo Conde, that financing of $1.110 billion, the cost of the works, is being secured with the Central American Bank for Economic Integration and the Banco Nacional de Desarrollo Económico Social de Brasil, and that construction will begin in the next few months.

Nicaraguan Congress Approves Tumarín Project

July 2009

The project with a cost of $500 million, which aims to generate 180 megawatts for the country, was approved in the National Assembly.

The Special Law for the Development of the Hydroelectric Project in Tumarín establishes, among other things, a deposit of $42 million to the company that will execute the project as a guarantee it will be done.

New Push for Tumarín Hydroelectric in Nicaragua

June 2009

The $350 million concession for the execution of the hydroelectric project is pending approval by the national assembly.

The consortium that will build the project that is expected to generate 180 megawatts is composed of the Brazilian group Queiroz Galvao, the Brazilian state-owned Petrobras Company, Nicaraguan businessmen linked to the Production and Finance Banks and the Italian Company Astaldi.

Brazilian companies will build hydroelectric plant in Nicaragua

August 2008

Two Brazilian companies will participate in the construction of an ambitious hydroelectric program in the northern part of Nicaragua

The hydroelectric project Tumarín, is expected to be fully functional by the end of 2012. The project will increase the percentage of hydroelectric energy that is produced in the country from 18 to 36%.

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