Nicaragua: $400 million for Energy Projects

The company Albanisa will invest in the development of four power generation projects over the next four years.

Friday, November 4, 2011

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.

More on this topic

El Salvador Prefers Mini Hydro Stations

May 2012

The concept is part of the "Master Plan for the development of renewable energies" which sets out a strategy in power generation for the next 15years.

A study by the National Energy Council (CNE) in conjunction with the Japanese International Cooperation Agency (JICA) outlines a strategy for the next 15 years in the development of technologies using renewable resources.

The Potential of Wind Power in Nicaragua

March 2014

With four wind farms set up in the department of Rivas, the country is exploiting only 23% of a potential of 800 megawatts.

Although $417 million has already been invested in the construction of new wind farms in the country, there is still ample room to install more and take advantage of this kind of renewable energy generation.

Nicaragua: Government Promotes Brito Hydroelectric Project

October 2010

In a period of no more than four years the Government has set to have the hydroelectric dam on Rio San Juan built.

With a $ 600 million investment, the Brito Project will become the largest source of electricity generation in the country by the year 2015, with a capacity of 250 megawatts.

$20 million for Renewable Energy Projects

November 2012

An agreement between the French Development Bank and Ficohsa will facilitate the development of renewable energy projects.

Ficohsa Bank becomes the first Honduran banking institution to receive funding for projects of this nature.

"This is direct support for investments in energy, including hydro, biomass, wind, solar or geothermal power," noted an article on the website of Proceso Digital.

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