Nicaragua: Funding for Energy Projects

Negotiations are being held with India for a $57 million loan to build two electrical substations and a 138 KW transmission line.

Friday, February 14, 2014

Salvador Mansell, chief executive of the National Electricity Transmission Company (Enatrel) announced that it is negotiating a $57 million loan with India in order to build three power projects in Nicaragua. These are two electrical substations and a transmission line of 138 kilowatts.

The announcement was made "in the context of a visit to Nicaragua by a government mission to India led by the Indian ambassador to Panama, El Salvador, Honduras and Nicaragua, Yogeshwar Varma and the general manager of the Export-Import Bank of India (EXIM BANK), Ravindranath Menon ".

"The Indian delegation met with officials from Enatrel to address issues related to the construction of two power substations, and the purchase of equipment and machinery, to be implemented in Nicaragua with funding of $10 million ...".

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Figures from the information system of the Trade between Central America and Brazil, from the Trade Intelligence Area of CentralAmericaData: [GRAFICA caption="Click to interact with graphic"]

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Between January and April of 2018, exports exceeded $2 billion, 6% more than in the same period in 2017, and manufacturing sales accounted for most of the increase.

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In 2017, sales abroad totaled $2.548 billion, 15% more than in 2016, and the increase was explained by exports of agricultural, fishery and manufactured products.

The Central Bank of Nicaragua (BCN) reported that " ...At the end of 2017, the merchandise trade deficit registered a decrease of 3.5 percent, totaling 3,113.1 million dollars, which represents a fall of 114.5 million dollars in relation to the deficit generated in 2016."

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