Empresa Nicaragüense de Acueductos y Alcantarillados is putting out to tender the construction of transmission and distribution lines, wells and electromechanical works and construction of tanks for the improvement of the Water System of the City of Masaya.
An announcement has been made that the Liverpool department store company will be negotiating the acquisition of textile garments made in the country.
Representatives from the Nicaraguan Association of Textiles and Apparel (Anitec) informed Laprensa.com.ni that "... they will meet on Friday September 26 with senior officials of the group in order to find out more specifically about the interest that has been shown in the garments processed in Nicaragua. "
Representatives from the government of Kuwait announced the opening of an embassy in the country and their interest in participating in investment projects, including the construction of a hospital.
Jamal Al-Omar Hsein, president of the "Fourth Parliamentary Group" in Kuwait has met with the government and the National Assembly of Nicaragua, and said ".... 'We hope that after the talks we can invest in many projects and have lots of opportunity for cooperation. We are hoping that economic and commercial exchange between the two countries will grow and make it larger than it is at present.'"
The law reform which is being prepared by the government establishes that future exploration and exploitation of geothermal power will have to be carried out in partnership with the state.
The head of the Sandinista parliamentary group, Edwin Castro, said that the reform draft states that "... the Nicaraguan Electricity Company (ENEL by its initials in Spanish), will represent the state for private companies that operating thermal energy generated from volcanoes ... (allowing) for 'greater income' ... from geothermal projects. "
The online participation of 60 international buyers has been confirmed in business meetings which will take place in the ExpoApen 2014 fair on 26th and 27th of September.
The Association of Producers and Exporters of Nicaragua (APEN) reported that the majority of international buyers participating virtually are interested mainly in tropical fruits, vegetables, tubers, bananas and cashews.
The growing Mexican automotive industry is generating opportunities for the sale of chassis and autoparts from Nicaragua, as in the first quarter of 2014 revenue was generated of $152 million, which is 22% more than in the same period in 2013.
In the first quarter of 2014 sales of chassis to Mexico amounted to $152 million, 22.6% more than in the same period last year, according to Data from the Central Bank of Nicaragua.
The adoption of the amendments to the hydrocarbon law provides for the participation of the state run company Petronic in exploration activities and the ability to partner with other companies engaged in the activity.
With 30 days left until the end of the 2013/2014 harvest, sales from El Salvador, Nicaragua, Guatemala and Costa Rica are fewer than in the previous crop by 56%, 12%, 15% and 10%, respectively.
South American producers in Colombia and Peru were the only ones who achieved positive results in sales of the current crop, with growth in the harvest in respect to 2012/2013 of 22% and 5.5%, respectively.
The rate for the Hydro station announced by the Brazilian ambassador to Nicaragua, will be in line with the prices of other renewable energy projects, according to entrepreneurs.
Although the government insists on not revealing the precise data, the Brazilian ambassador to Nicaragua and members of the National Assembly said that the fee is $115 Mwh, "... according to an agreement made March 20 this year."
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. "
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