Lala Nicaragua will invest $50 million in a new plant located in Tipitapa in order begin operations in 2014.
Also, through a statement, they explained that "Lala Nicaragua SA wishes to make known to the general public that it has requested an environmental permit from the Ministry of Environment and Natural Resources (Marena) according to the procedures established in the Environmental Assessment System, Decree 76-2006 " .
"In the eighties Ortega and his cronies harassed private capital and reaped a great economic downturn. Now they are being treated better and the country is running better."
An article by Humberto Belli Pereira in Laprensa.com.ni discusses the symbolism of the Guacalito Island project, in a country ruled by a leftist party whose members, at some point, postulated the most rancid anticapitalist concepts.
The regulatory agency has authorized the company Eolo de Nicaragua S.A., to construct a wind farm in the department of Rivas.
According to the draft submitted to the Ministry of Environment and Natural Resources (Marena), the new wind farm would be located in the town of Rivas on kilometer 123 of the Panamericana Sur Highway, near the wind farm Amayo.
Pellas Group begins construction of first phase of Guacalito Island project.
Located in the municipality of Tola, Rivas, in the Pacific coast of Nicaragua, it will stretch for some 650 hectares.
The first phase of $ 115 million includes construction of a boutique hotel with 35 rooms, the installation of basic infrastructure (power, ground water treatment, cable telephone and fiber optic), residence areas and golf course.
The Government granted an environmental permit to build Tumarin Hydroelectric Power Plant in “Cruz de Río Grande”, in Matagalpa.
It will cost $697 million and will output 220 MW when working at top capacity. Construction is expected to start in May, and last for 52 months (4 years and 4 months).
“This permit had been delayed because in December 2009, the Appeals Court of Juigalpa ordered to suspend the project, but this was overruled by the Supreme Justice Court in February 2010”, reported Elnuevodiario.com.ni.
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Industria Tecnológica Panameña S.A. (I.T.P) is a Panama Corporation, historically associated to the Belgian Group TRECO, incorporated in 1812, which owns the Belgian Company TURBOWINDS S.A., who designs, develops, manufactures, sells, installs and maintains Electrical Wind Generators since 1977 at the time under the name WINDMASTER.
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