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Nicaragua hydropower project gets funding from Brazil bank and firms

Wednesday, September 29, 2010

A bank and companies from Brazil will assist Nicaragua in financing an $800 million hydropower plant, wire services reported.

Nicaraguan government leaders said Brazil's Banco de Fomento will provide $342 million in financing for the hydro project, which would have a total installed capacity of 250 megawatts.

Two Brazilian companies will provide another $206 million in credits, and the Central American Bank for Economic Integration will put up another $252 million, wire services reported.

Original source: Hydro World