Wednesday 24 December
2008, San José, Costa
Rica
Russian Firms to
Help Build Up Nicaragua's Electricity
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Russian Firms to Help
Build Up Nicaragua's
Electricity Sector
Mexico - Russian
companies will assist
Nicaragua in building
hydroelectric and
geothermal plants in the
Central American
country, the president
of the Nicaraguan
Electricity Company (ENEL)
has said.
Ernesto Tiffer said on
Tuesday that at least
two power generating
plants, with capacities
of 150 MW and 100 MW,
were under consideration
for the volcanically
active part of the
country.
The state-run company
and Russian experts will
assess possible
construction sites in
the near four months,
and Russia will cover
the technical study and
investment expenses.
"This is Russia's
gesture of solidarity,
and the Nicaraguan
government will obtain
10% of the generating
companies' shares
without investing a
single centavo," Tiffer
told TV Channel 4.
Tiffer, who was part of
the delegation that
accompanied Nicaraguan
President Daniel Ortega
to Moscow last week,
said the projects
resulted from
cooperation agreements
and memorandums of
understanding signed
during the visit.
Nicaragua is one of the
least developed Central
American countries in
terms of power
generation and access to
electricity. |
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