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Brazil's CHN eyes 2016 Nicaragua power output

Friday, August 17, 2012

CHN, a company formed by Brazilian state-controlled utility Eletrobras and the Queiroz Galvao conglomerate, plans to start producing electricity in Nicaragua in the second half of 2016 via the $1.1 billion Tumarín project, chief executive Marcelo Conde said.

The Tumarín hydroelectric power plant will be constructed in La Cruz de Rio Grande, a city in the Atlantico Sur Autonomous Region over four years, Conde said.

The power plant will have 253 megawatts of installed generating capacity.

Source: Efe