Energy consumption decreasesIn Nicaragua, electricity consumption in the industrial sector fell 4% between March and August of this year, mainly due to the political and social crisis the country is currently experiencing.Thursday, October 4, 2018
Sergio Maltez, president of the Nicaraguan Chamber of Industry (Cadin), explained to Laprensa.com.ni about the reduction in electricity consumption that "... This reduction in the sector could be the result of less activities in construction and mining. In both the construction industry and non-metallic mining, several projects have been stopped. In addition, when the crisis began, some companies temporarily closed and evidently did not consume the same percentage of energy'." Source: laprensa.com.ni Do you need more information about your business sector?Request infoCentral America: Energy Consumption Drops 8%August 2020 Due to the drop in economic activity generated by the covid-19 crisis, a 7.9% reduction in domestic electricity consumption was reported in the region between March and June 2020, when compared to the levels of the same period in 2019. Low Fuel ConsumptionAugust 2019 Because of the political and economic crisis affecting the country, diesel consumption in Nicaragua is reported to have fallen 5.3% between January and May compared to the same period in 2018. Electricity Costs: Disadvantaged IndustrialistsApril 2019 Nicaraguan companies in the industrial sector pay between $0.20 and $0.22 per kWh, while in other Central American countries the price ranges between $0.11 and $0.18 per kWh. Nicaragua Acquires Less Capital GoodsNovember 2018 The decline in economic activity is the reason for the year-on-year decline of 36% reported in the capital goods imports up to August this year.
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