ENEL seeks financing for two hydro projects in Nicaragua

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Nicaragua’s state power company Empresa Nicaraguense de Electricidad (ENEL) is seeking financing for two hydroelectric projects that would add nearly 50 MW to its generation capacity, according to BNamericas.

The planned hydro facilities are 32.5-MW El Barro and 17-MW Sirena, whose feasibility studies and design are ready, according to ENEL. BNamericas did not indicate how much financing was needed to develop these two projects.

The projects are part of over 2,000 MW in potential capacity from the clean energy source, with feasibility studies under way for the 7-MW La Esperanza, 3.3-MW El Mono, 4.2-MW La Colombina and 8.7-MW Santa Elisa small hydro plants.

And second-stage work on the master plan for the Grande de Matagalpa and Coco river basins has begun under the country’s national sustainable electrification and renewable energy program PNESER. This program entails prefeasibility studies for 10 hydro projects: 150-MW Copalar Bajo, 75-MW San Pedro del Norte, 101-MW El Carmen, 97-MW Boboké, 105-MW Mojolka, 81-MW Wanawas, 22-MW Paso Real, 34-MW Masapa, 33-MW Corriente Lira and 59-MW Paraska.

ENEL already operates the hydroelectric plants 50-MW Carlos Fonseca, 50-MW Central América and 18-MW Larreynaga, which in 2020 covered 12.8% of the demand on the national grid and represented 86% of net national hydropower generation, the state operator said.

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Elizabeth Ingram is content director for the Hydro Review website and HYDROVISION International. She has more than 17 years of experience with the hydroelectric power industry. Follow her on Twitter @ElizabethIngra4 .

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