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Brazil suspends funding of Nicaragua hydro plant

Thursday, June 2, 2016

Brazilian funding for the 253-megawatt Tumarin hydroelectric plant in Nicaragua has been suspended while a federal authorities continue investigating allegations of graft.

The decision, made by Brazilian federal audit court, was made due to "irregularities" concerning US$100 million committed by the Brazilian government for the project. Specifically named in the investigation are construction firm Queiroz Galvao and state-owned utility Eletrobras.

Source: Hydroworld