Untitled Document

Nicaragua hydropower project gets funding from Brazil

A bank and companies from Brazil will assist Nicaragua in financing an $800 million hydropower plant, wire services reported.

Nicaraguan government leaders said Brazil's Banco de Fomento will provide $342 million in financing for the hydro project, which would have a total installed capacity of 250 megawatts, according to reports.

Two Brazilian companies will provide another $206 million in credits, and the Central American Bank for Economic Integration will put up another $252 million, wire services reported.

The hydro project is planned for construction on the Rio Grande de Matagalpa northeast of Managua.

In other news, Santo Antonio Energia aims to launch commercial operations at the 3,150-MW Santo Antonio hydropower project in Brazil by December 2011, a spokesperson for the firm told wire services.

The hydro plant is being built on the Madeira River in the Amazon region. Construction is now 29 percent complete, according to reports.

For more hydropower news and information, click here

Latest Slideshow

Your Picture Here: Send Us Your Dam Selfie

View Slideshow >>

more slideshows >>   

Hydro Whitepapers

Hydro Industry Financials

Most Read Articles

Recent Comments

Continuing Education

Professional Development Hours
To access a course listing associated to a specific topic listed below, click on the topic of choice from the list below.

03/01/2015
Volume 34, Issue 2
1503HRcover
03/01/2015
Volume 23, Issue 2
1503HRWcover

Archived Articles

2006 | 2007 | 2008 | 2009 | 2010 2011 | 2012 | 2013
Hydro Review Past Issues

Buyers Guide Companies

Synergy Holdings Inc

Renewable energy for residential, commercial, m...

WorleyParsons – Brasil

Zollern Transmissões Mecânicas Ltda

Manufacturers of plain bearings, hydro power be...

Potencia Industrial SA

Manufactures hydroelectricelectric generators r...

Rubberart Artefatos de Borracha Ltda

Specializes in rubber seals for power generatio...