$ 422 Million from CABEI for Projects in Nicaragua
The Central American Bank for Economic Integration plans to provide loans this year to develop energy projects, infrastructure and social programs.
Thursday, March 3, 2011
Energy projects include hydroelectrics Tumarín, El Barro, La Sirena-los Calpules and Hidropantasma.
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.
The company Queiroz Galvao announced that works will begin in March, with an estimated investment of $1.100 million.
Nicaragua's Tumarín hydroelectric project will also mean constructing additional infrastructure for the inhabitants of the new town that will be built.
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.
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