Friday 25 June 2021

Hydropower Market in Nicaragua to open again

Nicaragua-SanMiguelito-013.jpg
TODAY NICARAGUA – If the Brazilian consortium confirms its resignation of the Tumarín project, Nicaragua will have start a new process in order to tender the project which is indispensable for the country’s development.

The construction of the hydropower station has been surrounded by secrecy and lack of transparency, conflicts of interest, legal and political uncertainty and cases of corruption in the investor’s country. Although the suspension of the Tumarín project and the resignation of the concessionaire Centrales Hidroeléctricas de Nicaragua (CHN) has not been formalized, confirmation of this news would open new perspectives for companies and investors interested in Nicaragua’s energy sector, which must continue to increase its capacity in order to meet the growing demand for electricity.

See also: “Corruption in Brazil and the Future of Hydroelectric Station Tumarín”

- Advertisement -

If the project were cancelled, it is clear that opportunities would arise for other generators to continue with this promising investment project, which was supposed to start operating in 2019 with a capacity to generate 253 MW. Mario Arana, former president of the Central Bank of Nicaragua, told Laprensa.com.ni that “… the Tumarín project could reestablish a tender process in the energy market in order to fill a void that would be left if the work is not finished in the face of growing demand. The country is in a position to launch a open bidding process to meet demand in the coming years, if Tumarín goes. ”

See also: “Continuity Assured for Hydroelectric Station Tumarín”

Other experts such as Fernando Barcenas, warned that “… before entering into a tender process a technical expansion plan must be created to find out how to lower the rate and then after that, start a bidding process, which can incorporate generation based on coal and gas.”

In an analysis piece by Confidencial.com.ni about the possible departure of the hydropower station, the importance of recovering the project is reiterated, because “… heavy investments have been made in engineering (which normally accounts for 8% of the total project cost) and feasibility studies, which cost a lot of money, and that would be available for the new hypothetical investor, the search for whom must be made in ernest by both public sector officials, and entrepreneurs. ”

- Advertisement -

See also: “Nicaragua: Hydroelectric Tumarín Station to be Operational in 2019”

“… A truth about such projects is that hydropower plants are expensive to build, but when the investor recoups their investment and obtains profits, the cost of generating energy is very low.”

Read more Nicaragua news at Today Nicaragua.

- Advertisement -

FACT CHECK:
We strive for accuracy in its reports. But if you see something that doesn’t look right, send us an email. The Q reviews and updates its content regularly to ensure it’s accuracy.

Ricohttp://www.theqmedia.com
"Rico" is the crazy mind behind the Q media websites, a series of online magazines where everything is Q! In these times of new normal, stay at home. Stay safe. Stay healthy.

Related Articles

Ortega government accuses imprisoned opponents of receiving money from the United States to overthrow him

TODAY NICARAGUA – The Nicaraguan government assures that the imprisoned political...

Nicaragua government assures that detainees violated one of the Ten Commandments

TODAY NICARAGUA – The vice president of Nicaragua and First Lady,...

MOST READ

Today’s Covid News: Less than 800 new cases for the first time in two months

QCOSTARICA - For the first time in two months, less than 800 new cases of covid-19 in a single day were registered on June...

American woman found lifeless in hotel bathroom in Sabana

QCOSTARICA - A sad discovery occurred this Thursday morning in a hotel located in La Sabana, in San José, the lifeless body of a...

Preventive operations to protect tourists visiting the Guanacaste Conservation Area

QCOSTARICA - The Ministry of Public Security (MSP) and the National System of Conservation Areas (SINAC) joined forces to prioritize ecological operations, which aim...

Today’s Vehicle Restriction June 22: plates ending in 3 & 4 CANNOT circulate

Today, Tuesday, June 22, plates ending in 3 & 4 CANNOT circulate. The measure is countrywide and applied between 5:00 am and 9:00 pm, save...

Nathalie Álvarez Mesén’s feature debut, Clara Sola, ready for the Cannes Directors’ Fortnight

Q ENTERTAINMENT (CINEUROPA) Nathalie Álvarez Mesén’s debut feature, Clara Sola, is ready to take part in this year’s Directors’ Fortnight at the Cannes Film...

Today’s Vehicle Restriction June 19: only “ODDS” can circulate

Today, Saturday, June 19, only vehicles with "ODD" ending plates CAN circulate The measure is countrywide and applied between 5:00 am and 9:00 pm, save...

Week immersed in passage of tropical wave, June Solstice and Veranillo

QCOSTARICA - Today, Monday, June 21, is the day of the year when the sun stays the longest on the horizon, therefore it is...

Today’s Covid News: Average daily deaths from Covid-19 begins to decline

QCOSTARICA - The week of June 13 to 19 registered a decrease in the average number of deaths due to Covid-19, when 20 daily...

World Athletics ranked Andrea Vargas among “the 10 athletes who can surprise in Tokyo”

QCOSTARICA - World Athletics (formerly the International Athletics Federation) published a list of 10 athletes set to make national sporting history at the Tokyo...

WANT TO STAY UP TO DATE WITH THE LATEST!

Get our daily newsletter with the latest posts directly in your mailbox. Click on the subscribe and fill out the form. It's that simple!

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.