The National Assembly has approved a loan of $33 million with the South Korean bank Eximbank, to install solar panels in 15 municipalities, and another $10 million for electrification works in the Caribbean.
The $33 million loan with the Import and Export Bank of South Korea will be used to fund the installation of solar panels in 15 municipalities in the Autonomous Region of the North Caribbean, the Autonomous Region of the South Coast and in the department of Rio San Juan .
Eximbank, a South Korean state-owned bank, closed an agreement with Inmet and a Korean consortium to develop the copper mining project known as Cobre Panama.
The agreement states that Eximbank will provide financial support to the project, which also involves Canadian mining company Inmet and a South Korean consortium composed of Korea Resources, LS-Nikko Copper and Korea Export Insurance (KEIC).
During the first working session after two months of conflict, the Assembly approved six contracts for loans totaling $108.
Elnuevodiario.com.ni reports: "The approve credit includes $20 million granted by the IDB in September for fiscal management improvement and to help the Sandinista Government to increase tax collection.
A Dominican company dedicated to providing consulting services, preventive and predictive maintenance on electrical systems in the energy, industrial and commercial sector
Operates in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama
Phone: (809) 540-8598 - (809) 540-8599
XPERTEC is a firm of engineering and consulting dedicated to the development of electric generation and transmission projects. We are headquartered in San Jose, Costa Rica but offer our services throughout Latin America.
We have a multidisciplinary team with vast experience in the design and development local realities and international market trends, applying the latest technology available XPERTEC is well positioned in its market.
Operates in Costa Rica, Honduras and Nicaragua
Phone: (506) 2289 5515 - (506) 8382 6756