Saturday 18 September 2021

Hydropower Market in Nicaragua to open again

Paying the bills

Latest

What are we celebrating?

QCOSTARICA - From the gallows humor department is the...

Sala IV rejects covid patient’s claim for Caja to pay the cost of a private hospital

QCOSTARICA - A claim made by a family against...

Finally, migrant population in Costa Rica will be vaccinated against covid-19

QCOSTARICA - After complaints raised by migrants because they...

Costa Rica is the Main Exporter of Palm Oil in 2020

QCOSTARICA - In 2020, Costa Rica was the largest...

Uruguay considers allowing tourists to buy marijuana

Q24N - The first country in the world to...

Today’s Vehicle Restriction September 18: “ODD” ending plates CANNOT circulate

QCOSTARICA - Starting today, September 18, we go back...

500 Intel drones illuminated the night of celebration of the Bicentennial of Costa Rica

QCOSTARICA - During the celebration of the Bicentennial of...
Paying the bills

Share

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. ”

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.”

- Advertisement -

Read more Nicaragua news at Today Nicaragua.

- Advertisement -
Paying the bills
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

More than 22,000 Nicaraguans request refuge in Costa Rica in 2021

QCOSTARICA - “I know that I am here for security reasons,...

Nicaraguan opposition leader fled to Costa Rica to avoid arrest

QCOSTARICA - The president of the Ciudadanos por la Libertad (CxL)...

Subscribe to our stories

To be updated with all the latest news, offers and special announcements.

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.