Tuesday, June 25, 2024

Nicaragua President Daniel Ortega Greenlights Main Photo voltaic Energy Undertaking

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Nicaraguan President Daniel Ortega signed two necessary agreements permitting the Ministry of Energy and Mines (MEM) to enter right into a contract with the Chinese firm China Communications Contry Limited (CCCC) for the event of a necessary solar energy enterprise. The challenge, titled El Photovoltaic Plant, is ready to boast a capability of 67.35 MW and might be situated in Ciudad Darío, Matagalpa, within the northern area of the nation.

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Outlined in Presidential Agreements 55-2024 and 56-2024, printed within the Official Gazette La Gaceta, the contract specifies a price of 492.3 million yuan, which is equal to roughly $68 million.

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Previously, in December, the Commission on Production, Economy, and Budget of the National Assembly of Nicaragua greenlit an initiative of Legislative Decree for a Credit Facility Agreement with the CCCC price 65.97 million euros. This financing was allotted for the development of the photovoltaic plant in Matagalpa.

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The proposed challenge goals to scale back vitality prices for the Nicaraguan Company of Aqueducts and Sanitary Sewers (Enacal) by roughly 40%. Since 95% of Nicaragua’s water pumping depends on electrical energy, the photo voltaic plant is taken into account important for Enacal’s operations.

Upon completion, the El Photovoltaic Plant is poised to grow to be the most important photo voltaic set up in Nicaragua. Currently, the nation hosts solely two photo voltaic crops: Solaris, with a capability of 12 MW working since 2017, and La Trinidad, which has been producing 1.4 MW since 2013.

While the completion dates for the El Photovoltaic Plant stay undisclosed, the initiative represents a big step in the direction of the event of renewable vitality infrastructure in Nicaragua.



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