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Eletrobras seels stake in Nicaragua's Tumarin

Tuesday, July 26, 2016


Brazil’s Eletrobras, one of the world’s biggest electricity companies, has sold its stake in the Tumarín hydroelectric project in Nicaragua for $44.2 million.

Tumarín is slated to have a generating potential of 253 megawatts. It is located in the Autonomous Region of the Southern Caribbean and will provide 27 percent of Nicaragua’s energy needs.

Full story in Spanish