The government has authorized Consorcio Industrial de las Américas to build a free zone in Pacora, in which 250 manufacturing companies, logistics services, high technology companies, assemblers, and companies from other sectors will set up.
The company Consorcio Industrial de las Américas, S.A. (COINLA) plans an investment of $230 million, starting with $50 million for the initial phase of infrastructure and $180 million in future investment.
A proposal has been made to extend for two years tax benefits for private investment developed in the area of the Casco Antiguo de San Felipe, in Panama City.
The draft aims to extend the conditions afforded by Law 136 of 2013, because, as discussed in the preamble of the document,"... the timeframe of two years has been insufficient for many owners and investors, and having expired on January 17, 2016, a situation that has created where there is a gap in terms of benefits, hurting the approval of loans and bank financing and tax exemptions and benefits for the National Directorate of Revenue with the consequent loss of the exemptions set forth in this regulation".
The signing of the FTA with China could open up opportunities for Korean companies to sell turbines to hydro electric stations and invest in energy projects which use other sources.
Kwang Seok Rhee, vice president of the Korean Electric Power Corporation (KEPCO), one of the largest energy companies in South Korea, visited Guatemala as part of a new round of FTA negotiations and told Dca.gob.gt that ". ..'If the FTA is realized it will open up new opportunities to invest in renewable projects, information technology for the power grid, distribution and transmission, as well as a supplier of turbines for hydroelectricity'."
Companies in the sector are proposing taking advantage of surplus energy and developing more generating capacity in order to become large exporters.
The proposal put forward by the Chamber of Energy (CEN) is to use the geological characteristics of the country to exploit energy generated from renewable sources such as solar, biomass and water.The President of the CEN explained that they suggested to the government that discussion be started so that Nicaragua"... can be a 'powerhouse' for exporting electricity, importing plants and occupying the regional market."
Dutch businesspeople in logistics and maritime development are analyzing new investment opportunities in light of the expanded canal.
The interest of the Dutch company APM Terminals in participating in the tender to build a port in Corozal is in addition to several other companies of Dutch origin who plan to take full advantage of the new opportunities provided by the logistics and maritime sector in the coming years.
A Peruvian spinning mill is to invest $15 million in Las Mercedes Industrial Park, and soon three other companies from the call center and textile sectors will be setting up there too.
Dean Garcia, executive director of the Nicaraguan Association of Textile and Apparel (Anitec), told Elnuevodiario.com.ni that"... the Peruvian company Hialpesa, will be investing $15 million in its operation in the country and will supply other free zone factories that produce shirts. Garcia said ... they are currently installing machinery, but did not say when they will start operations. "
Regarding other investments in the free zone, Garcia explained that three companies in the textile and call center sectors are preparing to set up in the country soon.These companies, according to Garcia, are of Central American and Mexican origin.
"...The textile and clothing sector is trying to attract companies to come there to produce the raw materials they need, such as buttons, fabric, zippers, labels, among other things, 'in order to have, to some extent, the entire supply chain within the country'. "
As part of the expansion plan of the PETNAC 2016 transport system, investments have been planned in construction of new power substations, remodeling work on existing lines and construction of new ones.
From the document "Indicative Generation and Transmission Plans 2016" by the National Electric Energy Commission:
As part of the Agricultural Plan to be implemented within 5 years, the government has announced that starting 2017 it plans to invest $380 million in recovery of 29 irrigation systems in nine municipalities.
The objective of the plan announced by Morales administration is to improve the irrigation of 3300 hectares of arable land in the nine municipalities in the Dry Corridor. Prensalibre.com reports that the Minister of Agriculture, Livestock and Food (MAGA), Mario Mendez, explained that "... The aim is for the funding to come from the state budget, to be transferred to the budget of the MAGA and to be authorized by the president. "
It has been announced that public use regulations that will allow construction of hotels, restaurants, transportation systems and other tourist infrastructure within protected areas will be issued midyear.
The regulation is being prepared by the Tourism Authority of Panama, the Panamanian Chamber of Tourism and the Ministry of Environment, as part of the EcoturAP project, announced by the Varela administration in March this year. This initiative aims to exploit protected areas in order to develop sustainable and ecological tourism.
African palm, coffee, pineapple, bamboo, cocoa and forestry are the categories that the Nicaraguan government is promoting as investment opportunities in the Caribbean coast.
Noting that deforested areas are those that could house African palm plantations, Alvaro Baltodano, presidential delegate for investment and exports, noted that African palm is now being planted in 10 thousand acres of the Nicaraguan Caribbean, as part of a project that aims to plant 20 thousand acres.
Although the funds are not yet available, nor is there legislative authority to borrow, the Instituto Costarricense de Ferrocarriles has announced that it intends to acquire 8 trains.
An article on Crhoy reports that "...Guillermo Santana, CEO of Incofer, said the new units will have to comply with national railway infrastructure conditions, for which reason the rolling stock must be modified by the manufacturer and will take longer to arrive. "
The Municipality of La Chorrera will be hearing offers from private companies interested in operating a meat processing plant in the municipality through a joint venture.
In order to prevent the closure of the plant, municipal authorities are assessing creating a joint venture with a private company interested in operating the slaughterhouse, which because it does not have a treatment plant can only sell processed meat within the province. Spokespeople for the municipality indicated that so far "... they have received four proposals from companies interested in forming a joint venture."
If the Brazilian consortium confirms its resignation of the Tumarín project, Nicaragua will have start a new process in order to tender the project which is indispensable for the country's development.
The construction of the hydropower station has been surrounded by secrecy and lack of transparency, conflicts of interest, legal and political uncertainty and cases of corruption in the investor's country. Although the suspension of the Tumarín project and the resignation of the concessionaire Centrales Hidroeléctricas de Nicaragua (CHN) has not been formalized, confirmation of this news would open new perspectives for companies and investors interested in Nicaragua's energy sector, which must continue to increase its capacity in order to meet the growing demand for electricity.
Polaris Energy has announced an investment of $43 million in drilling new wells to increase generation capacity from 50 to 72 MW.
The company Polaris Geothermal Energy is aiming to increase its production capacity in Nicaragua and go from 50-72 MW of power. The information was confirmed by the CEO of the company, Alex Orono, during an appearance before the board of the Chamber of Industries of Nicaragua (Cadin), confirmed Elnuevodiario.com.ni.
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