How Much Will Each MW at Tumarin Cost Nicaragua?

Conditions of the agreement between the Nicaraguan government and the consortium of Brazilian companies are unknown.

Tuesday, March 25, 2014

In regards to the agreement for the construction of the hydroelectric station only the price of the energy generated is known, which will be between $118 and $125 per megawatt.

However Emilio Rappaccioli, Minister of Energy and Mines, "made no mention of the energy rate that was negotiated and would only say that "we are signing the document ensuring that the project will become a reality, and construction will be starting, I would say, in three or four months time, concluding at the end of 2018. "

"Nor is there any information about meetings with national employers on the issue of hydropower, because " ... right now all the work to be done is internal, a whole series of things has to be planned."



More on this topic

Corruption in Brazil and the Future of Hydroelectric Station Tumarín

March 2016

The energy industry has doubts about the continuity of the project, whose feasibility could depend on the results of the corruption case involving its concessionarie Eletrobras.

Entrepreneurs in the energy sector in Nicaragua still have reservations about the feasibility of the Tumarín hydroelectric station construction project which was granted in concession to the consortium composed of Eletrobras and Queiroz Galvao, which are now involved in one of the biggest corruption scandals in Brazil. To date, the only certainty is that "... 'They bought the land, signed the agreements for the sale of energy, but we don't see any tractors removing land' said Cesar Zamora, chairman of the Chamber of Energy of Nicaragua, during a panel in which the energy outlook of the country was discussed. "

Nicaragua: Tumarín Prices Remain Hidden

September 2014

In order to plan their investments, employers from the energy sector are asking for information on the prices negotiated for the electricity that will be provided by the operator of the Tumarín hydroelectric station.

Prensa.com.ni reports that "... Not knowing the rate charged for the generation of electricity from the Tumarín hydroelectric station causes uncertainty for other investors in the sector due to the fact that they do not know the conditions in which they would be competing and therefore, whether or not to promote new projects. The private sector is demanding transparency from the government and that they disclose details of the agreement with Centrales de Hidroeléctricas de Nicaragua (CHN), the concessionaire of Tumarín. "

Tumarín Hydro Station Agreement Signed

August 2014

Although the cost per MW has not yet been defined, the government of Nicaragua has signed a construction contract with the Brazilian consortium and announced that work will begin in the first quarter of 2015.

After several failed attempts to start construction of the hydroelectric dam Tumarín, the government announced that it has reached an agreement with the consortium Eletrobras and Queiroz Galvao to start work in the first three months of 2015.

Nicaragua: Hydroelectric Tumarín Still 'Wait and See'

December 2013

Uncertainty about the beggining of the project is worrying entrepreneurs in the energy sector.

Since 2012 the hydroelectric station should have been generating 253 MW, however, uncertainty over the project "puts at risk the country's goal of changing the energy matrix, which, according to the Minister of Energy and Mines, Emilio Rappaccioli, would result in 74% of the energy generated in 2018 coming from clean sources," reported an article in Laprensa.com.ni.

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