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Spain’s Fenosa boosts rural electrification in Nicaragua with aid from BID

Wednesday, September 29, 2010

Natural Gas Fenosa has reached an agreement with the Nicaraguan government that will see the Spanish company provide much-needed electricity to rural areas of Central America’s largest country.

As part of the agreement, Natural Gas Fenosa will construct six substations and install around 200 km of high-voltage power lines.

Mexican news agency Notimex has said the investment in this project will reach $380 million, with funds coming from various institutions such as the Inter-American Development Bank and the Spanish Agency of International Cooperation.

Original source: Power-Gen Worldwide