Visit windpowermonthlyevents.com for the latest on our upcoming conferences and webcasts

Nicaragua

Nicaragua

Rivas 22 MW delayed but still alive

The 22 MW Rivas wind power project is far from dead, even though privatisation of state-owned power company Enel is delaying progress, says Fernando Aguerri of the prospective developer, the Enisa consortium (Windpower Monthly, June 2000). Enisa is controlled by Spanish power company Iberdrola. A new power purchase agreement (PPA) is being negotiated with Spain's Union Fenosa, which bought Nicaragua's Disnorte and Dissur distributors (Windpower Monthly, October 2000), says Aguerri. "We're 95% complete, and will soon be 100%," he says. An indication of Enisa's confidence that it will sign a PPA with Fenosa is that it has already invested $3.5 million of the estimated $22 million cost of the project, mainly in earth movements at the site. Under the terms of the initial PPA, Iberdrola would have sold power to Enel at US$0.061/kWh. Although new market conditions will modify this figure, the PPA with Fenosa has not had to start from scratch, because the negotiations were simply switched to Fenosa from Enel.

Have you registered with us yet?

Register now to enjoy more articles
and free email bulletins.

Sign up now
Already registered?
Sign in

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus

Windpower Monthly Events

Latest Jobs