Generation license granted to two companies

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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