Friday, January 6, 2017

Nicaragua: Government to Spend Big on Renewable Energy Projects this Year

Nicaragua Makes Million Dollar Investment in Energy (Prensa Latina)

(Courtesy CIA.gov)

Nicaragua plans to invest between 600 and 700 million dollars in the energy sector this year, to improve the service to the population and promote sustainable development, official sources reported on Wednesday.

The president of the Nicaraguan Chamber of Energy, C├ęsar Zamora, said that his organization was investigating at least 10 investment projects, most of which were focused on renewable energy sources such as hydro-electrics, bio energy, solar energy and geothermal energy.

'We have finished projects with available financing and with a specific period to fulfill the authorities' goals,' he pointed out.

Zamora also stated that the energy sector enjoys economic stability and is working on exporting, after reaching 90 percent of the country in 2016 with electricity cover.

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