Nicaragua: Construction of Tumarin Hydro Plant to Start in March

The company Queiroz Galvao announced that works will begin in March, with an estimated investment of $1.100 million.

Monday, January 31, 2011

The hydroelectric plant, capable of generating 253 megawatts, would come into operation in late 2014.

The representative of the subsidiary of Queiroz Galvao and Hydro manager of Nicaragua (CHN), Marcelo Conde, told Prensalibre.com that "... Tumarín will help to reduce oil dependence and to stabilize electricity fares. It will represent Nicaragua annual savings of $ 117 million once the it starts operating."

More on this topic

New Law Revives Hydroelectric Station Tumarín

November 2012

A reform of the special law in Nicaragua for the hydroelectric project Tumarín raises its potential to 253 MW, making the investment estimated at $1.1 billion feasible.

There have been many announcements about the start of works on the Tumarín project which never really took shape.

Confirmation that Tumarín Hydropower Station Will be Built

February 2012

An announcement has been made in Nicaragua that construction will be started in February 2013 on the hydroelectric plant which will generate 250 MW at a cost of $1.1 billion.

Marcelo Conde, president of the company Centrales Hidroeléctricas de Nicaragua (CHN), dominated by Brazilian capital, said his company will start building the Tumarín hydroelectric station in February 2013, the start of the $1.1 billion investment project.

Tumarín Hydroelectric Project Delayed in Nicaragua

November 2010

The project had planned to start later this year but will be delayed until 2011.

The delay is due to additional time required to conclude negotiations with the property owners in the project area.

La Prensa reported statements from Marcelo Conde, president of the Central American Hydroelectric Company (CHC), "...

Urban Infrastructure Investment in Tumarín

August 2010

Nicaragua's Tumarín hydroelectric project will also mean constructing additional infrastructure for the inhabitants of the new town that will be built.

"It will be the country's energy capital with its impact felt throughout Central America due to the interconnection project," stated Arnulfo Urrutia, project consultant, in a press conference.

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