Tumarín Hydroelectric Project Delayed in Nicaragua

The project had planned to start later this year but will be delayed until 2011.

Friday, November 19, 2010

The delay is due to additional time required to conclude negotiations with the property owners in the project area.

La Prensa reported statements from Marcelo Conde, president of the Central American Hydroelectric Company (CHC), "... with regards to negotiations with property owners, this process has just been completed and a positive understanding has been reached, although the process has delayed construction for a few months."

More on this topic

New Law Revives Hydroelectric Station Tumarín

November 2012

A reform of the special law in Nicaragua for the hydroelectric project Tumarín raises its potential to 253 MW, making the investment estimated at $1.1 billion feasible.

There have been many announcements about the start of works on the Tumarín project which never really took shape.

Viability of Tumarín Hydro Station Defended

September 2012

The Nicaraguan presidential adviser Bayardo Arce refuted the criticisms regarding the viability of the Tumarín Hydroelectric Project, with facts and figures from the international energy market.

In a lecture at the American Chamber of Commerce (AmCham), he said, "It is false that Tumarín will have indexing of nine percent a year, it is 2.2 and the international average is three percent for indexing energy costs ...

Confirmation that Tumarín Hydropower Station Will be Built

February 2012

An announcement has been made in Nicaragua that construction will be started in February 2013 on the hydroelectric plant which will generate 250 MW at a cost of $1.1 billion.

Marcelo Conde, president of the company Centrales Hidroeléctricas de Nicaragua (CHN), dominated by Brazilian capital, said his company will start building the Tumarín hydroelectric station in February 2013, the start of the $1.1 billion investment project.

Nicaragua: Construction of Tumarin Hydro Plant to Start in March

January 2011

The company Queiroz Galvao announced that works will begin in March, with an estimated investment of $1.100 million.

The hydroelectric plant, capable of generating 253 megawatts, would come into operation in late 2014.

The representative of the subsidiary of Queiroz Galvao and Hydro manager of Nicaragua (CHN), Marcelo Conde, told Prensalibre.com that "...

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