La Prensa

Generation license granted to two companies

Mangu / ACAN-EFE / January 08, 2011

The Government of Nicaragua granted a Canadian owned company and another Nicaraguan generation license for the operation and maintenance of two hydroelectric plants in northern and southern Caribbean, an official source said yesterday.

These permits were granted by the Ministry of Energy and Mines (MEM) firms Puntudo Stone Hydro SA, Canadian-owned company and Cold Mountain Sustainable Energy Tropical SA, Nicaragua's capital, told Efe that the spokesman for State institution Maria Antonieta Santos.

The first permit is for the project Stitch Stone, which will build a hydropower plant with an installed capacity of 15 megawatts in the Mico River, tributary of Escondido, in the municipality Bullocks Wharf, on the southern Caribbean, the ministry said in a statement.

The second permit is for the hydroelectric Las Cañas, in the northern province of Matagalpa and includes the construction of a hydroelectric plant of 1.47 MW of installed capacity, which will use the Yasica river, a tributary of El Tuma, detailing the institution.

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Central America Data

$ 190 Million for Geothermal Power Plant in Nicaragua

Source: International Finance Corporation
Monday, November 8, 2010
The IFC will provide $ 50 million and mobilize an additional $ 140 million to support the construction of a new geothermal power plant.
This plant is the largest project in Nicaragua in over 25 years in this sector. This initiative will foster the generation of renewable energy, expand electrification and help reduce the country's dependence on imported fuels.
La Prensa

INE review contracts signed by Blue Power and Natural Gas

By: Roberto Morales A.

The Nicaraguan Energy Institute (INE) determined to restart the analysis of contracts for energy purchase and sale, signed by companies and Blue Natural Gas Power & Energy,

In Resolution No. 0662-09-2010, issued by the Directorate General of Electricity, INE leads to petition for review filed by Gas Natural, after the regulator rejected a part of these contracts, citing lack of technical-economic analysis .

The INE specified in resolution to be performed adequate oversight of the distribution and billing of energy, which will serve both companies and that the energy served by Gas Natural should be seen as a public service which must be properly secured and controlled by the State.

David Castillo, President of the Board of INE, confirmed yesterday that both Gas Natural and Blue Power completed the missing information, relating to the project's economic reports and technical aspects.

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La Nacion

Government promotes Hydropower Project

Nicaragua hurry dam would affect the San Juan

* Plan includes a wall that would make the channel in 'a trickle', say experts

* Members ticos details inquire on a tour of the border this month

Alvaro Murillo This e-mail address is being protected from spambots. You need JavaScript enabled to view it 12/10/2010

The Government of Nicaragua was established within four years to have built a hydroelectric dam large quantities in the San Juan River, which could cause environmental damage in Costa Rica.

The project, called "Brown" would become in 2015 the largest source of electricity generation in the neighboring country, with capacity of about 250 megawatts and cost approximately $ 600 million, according to press reports and official sites of the Nicaraguan Government .

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La Prensa

Fuel imports should be confined to the free market

Posed by consumer advocates

Por: Roberto Morales A. By: Roberto Morales A.

The import of fuel used for the present generation is not controlled and are governed by contracts between companies.

By Robert Morales A.     This e-mail address is being protected from spambots. You need JavaScript enabled to view it

Representatives of the defense of consumers considered that the proposal presented last Wednesday by the Nicaraguan Energy Institute (INE) to the Committee on Infrastructure and Public Utilities, to leave established by law that private or state generating companies to buy fuel only bunker national distributors, or Alba de Nicaragua SA (Albanisa) which is the sole importer, has to be analyzed carefully.

The measure would apply to create a new article in the Oil Supply Act (Act 277) which is currently undergoing reforms.

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