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Talks still open on Gas Natural Fenosa Nicaragua exit

Wednesday, January 16, 2013

A source inside Nicaragua’s energy sector is denying reports that Spanish power company Gas Natural Fenosa has sold all its interests in Nicaragua and packed its bags to leave the country.

“Gas Natural has not sold its participation in the distribution of electricity in Nicaragua,” the source said Tuesday evening, on the condition of anonymity. “The negotiations are still open.”

The rumors started Tuesday morning when presidential economic advisor Bayardo Arce told reporters that Gas Natural Fenosa, formally Unión Fenosa, had sold its controlling interests in Nicaragua’s energy distribution market.

Source: Nicaragua Dispatch