Friday, June 14, 2024

China to Construct Large Photo voltaic Energy Plant in Nicaragua

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Chinese state-owned firm China Communications Construction Company Limited (CCCC) will construct a photovoltaic solar energy plant with a capability of 67.3 megawatts in Nicaragua, the federal government of the Central American nation introduced on Monday. The photo voltaic power mission will likely be applied with an 80 million greenback credit score in China, stated Vice President Rosario Murillo within the official media.

Officials from the Nicaraguan Ministry of Energy and Mines and the Ministry of Finance and Public Credit participated within the signing of the settlement with China, stated Murillo, spouse of President Daniel Ortega. The design, provide, and building of the photovoltaic technology plant will likely be achieved in “El Hato”, in Ciudad Darío, within the northern division of Matagalpa, he added.

The presidential advisor for the Promotion of Investments, Trade, and International Cooperation, Laureano Ortega Murillo, who joined the contract signing just about, stated that the CCCC firm will even construct one other solar energy plant, and collectively they may generate greater than 130 megawatts.

“These are historic, distinctive moments for the nation, throughout the framework of creating fraternal relations between Nicaragua and China,” stated Ortega Murillo, son of the president and vice chairman.

The Chinese firm will construct one other plant with a capability of 63 megawatts and an funding of 82 million {dollars}, in San Isidro, within the division of Matagalpa, in response to the contract signed in 2023, he stated within the official media.

For his half, the president of the CCCC, Wang Tongzhou, indicated that they may improve their investments within the Central American nation to “improve our infrastructure competitiveness and make extra contributions to the friendship between China and Nicaragua.”

Last December, China and Nicaragua agreed to boost their relations to the extent of “strategic partnership”, following a phone dialog between Chinese President Xi Jinping and Ortega. Nicaragua and China launched a Free Trade Agreement in January.

In 2021, Managua established relations with China after breaking away from Taiwan, which Beijing considers its personal territory whose management it should regain, even by pressure if needed.

Since then, the world’s second largest economic system has supported the Nicaraguan authorities, which confronted sanctions and condemnation from the United States and European nations after the 2018 protests towards Ortega, which left greater than 300 lifeless in response to the UN.

The two governments agreed that, as a part of their strategic partnership, they may strengthen “trade and cooperation” additionally in safety and know-how.

The Chinese authorities and firms will even take part within the building of well-liked housing, highway, airport, railway, and power infrastructure initiatives.



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