$ 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.

Funding will also support rural electrification and transformation of thermal power generation to renewable sources. Among these projects $ 104 million will be disbursed for Larreynaga, Pantasma, Centroamérica y Santa Bárbara and San Jacinto-Tizate of Polaris. Along with these investments there will be funding for rural development programs in the Caribbean Coast, private investments such as Marina de Guacalito and hospitals Doctor Alejandro Dávila Bolaños and Occidental de Managua," the article in El Nuevo Diario reported.

More on this topic

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 "...

Urban Infrastructure Investment in Tumarín

August 2010

Nicaragua's Tumarín hydroelectric project will also mean constructing additional infrastructure for the inhabitants of the new town that will be built.

"It will be the country's energy capital with its impact felt throughout Central America due to the interconnection project," stated Arnulfo Urrutia, project consultant, in a press conference.

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.

 close (x)

Receive more news about Business and Investment

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


Ocean front development property for sale in Costa Rica

An excellent investment opportunity in Central Pacific, close to the projected International Airport and commercial centers.
Property area: 210 hectares. Fully registered with...

Stock Indexes

(Feb 17)
Dow Jones
0.02%
S&P 500
0.17%
Nasdaq
0.41%

Commodities

(Feb 20)
Brent Crude Oil
56.31
Coffee "C"
149.55
Gold
1,238
Silver
18.04