Nicaragua adds hydroelectric capacity to its power portfolio. Tumarin plant will cost $600 million investment

\ In Nicaragua, site preparation finally has begun for the 253-megawatt Tumarin hydroelectric power plant, which is expected to be operational by 2014, and will cost about $600 million.\ \ The new power plant will be located on the Grande de Matagalpa river, in the northern region of Nicaragua. It will be equipped with three 84.33-megawatt Kaplan hydraulic water turbines .\ \ In August 2008, Nicaragua's Ministry of Energy and Mines signed a letter of intent with Brazil national utility Eletrobras) to develop Tumarin.\ \ Original source: Green Technology World\ \ \ \