Nicaragua: $400 million for Energy Projects

These projects will provide about 250 megawatts of renewable energy.

The Venezuelan-Nicaraguan firm has already been granted permission to conduct feasibility studies to develop two projects for power generation using biofuel.

"It is also conducting feasibility studies in the Rivas area, where it has already built the wind farm Alba Vientos, which will have an estimated production capacity of 80 megawatts, provided by two 40 megawatt plants, and which will begin operations in September 2012. This required an investment of $90 million", according to an article on Elnuevodiario.com.ni.

Source: elnuevodiario.com.ni

More on this topic

Enel Announces Hydropower Plant in Costa Rica

March 2011

Enel Green Power announced the start of construction of a new hydroelectric power plant between Alajuela and San José.

The new plant, called Chucas, would have an installed capacity of 50 MW and once operational it will generate about 219 million kWh/year, the equivalent annual consumption of over 81 thousand homes.

New Hydroelectric Project in Guatemala

April 2012

The group, Corporación Castillo Hermanos, owners of Cervecería Centroamericana, plan to invest $250 million in a second hydroelectric plant generating 100 MW later this year.

Juan Monge, Vice President of the Administrative Council of the Corporación Castillo Hermanos, said the consortium is diversifying its investments to include electricity generation.

New Hydro Station in Guatemala

March 2012

Located in Alta Verapaz, the Santa Teresa Hydroelectric Plant is capable of generating 16.4 megawatts (MW).

The hydroelectric plant is part of the Energy Division of Corporación Multi Inversiones.

"The energy produced by the station can supply approximately 25,000 households with an average consumption of 250 kilowatt hours a month, said the company’s public relations office .

Honduras Seeks Solutions to Energy Crisis

September 2011

The National Electric Power Company has signed an agreement with the company pHp Energy International, for the generation of hydroelectric power in a portable manner.

A press release from the Presidency of the Republic of Honduras reads:

In the west of the country, an emergency has been declared, but with this firm, a valuable contribution has been attained which will overcome the problem for the population in that region.