Nicaragua the new rising star of natural gas with an investment of 700 million dollars from New Fortress Energy

The Nicaragua National Assembly has given the green light to the investment of 700 million dollars. Nicaragua in recent years has promoted renewable energy, wind, solar, geothermal and is now successfully advancing the development of the powerful natural gas industry.

GO ECO GREEN21/ENERGIA LIMPIA XXI. Nicaragua is becoming the new rising star of natural gas in Latin America and the Caribbean. With the signing of a Power Purchase-Sale Agreement between Disnorte-Dissur and the US capital company New Fortress Energy LLC, preliminary activities began for the execution of the construction project of a Plant based on Natural Gas, which will be located in Puerto Sandino, in the west of the country.

“The project that we have just signed with the Government is for a 300 MW plant and a liquefied gas terminal, it will allow us to build a plant to bring gas to the country and also distribute energy to other companies; It is our fifth terminal that we are going to build, we have 2 terminals in Jamaica, 1 in Puerto Rico, 1 in La Paz-Mexico and it is our first project in Central America ”, indicated Mr. Wes Edens, General Director of New Fortress Energy. A report carried by Energía Limpia XXI magazine highlights that thi is the first investment of the succesful company in Central America, prior to this they had had outstanding projects in Mexico and Jamaica. The plant will be connected to the national grid through the Sandino Substation and its annual contribution will be 2,233 GWh-year. “First of its kind to settle in Nicaragua, the largest in the history of our country, which gives, as I mentioned, stability to the National Interconnected System (SIN). It allows the development of that priority that we have, which is to continue developing renewable sources in our country, since it will allow absorbing variations in the wind, solar energy and thus be able to continue changing the energy matrix ”, explained Minister Salvador Mansell .

Its construction is expected to be completed in September 2021 and its investment is US $ 700 million, it is also a sign of the confidence of foreign investors in the management of the Government of Reconciliation and National Unity. “It is a sign of our confidence in the country of Nicaragua and in the region, and we are going to continue to build this plant and the terminal; we hope it will be the first of many things that we will do in Nicaragua ”, highlighted Mr. Edens.

Mansell added that at the end of 2019 there was a generation matrix with 70% based on renewable sources and as of today, with the contributions of solar, wind, hydroelectric, geothermal, biomass generation, this percentage is close to 80 %. Added to this, the electricity coverage is 97.24% and the goal for this year is to reach 98.42%.

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