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Lightless Nicaraguans Fear
Future
While some capital neighborhoods
are Wednesday without
electricity after the closing of
several power generating plants,
there is panic in the country
about the brutal rise in the
international price of oil.
Local media reflects today some
opinions by local politicians
and businesspeople, who fear
collapse of the national energy
system if the government
intervenes in this affair.
According to Deputy Agustin
Jarquin, Nicaragua's electric
system is in crisis and needs
urgent attention by the
Executive.
The member of the Energy and
Infrastructure Commission at the
National Assembly accused
President Enrique Bolaños'
government of protecting
interests of larger
transnationals and admitted the
Parliament is also sitting on
the fence.
According to expectations,
Nicaragua, which uses an oil
by-product known as "bunker" to
produce 70 percent of the
electricity it consumes, will
spend over $600 million this
year on crude oil in the
international market.
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