The development of cooperation between China and Nicaragua advances with the signing of the new agreement for the El Hato solar project.
Nicaragua strengthens energy sustainability with the new solar energy project in cooperation with China.
Nicaragua and the China Communication and Construction Corporation (CCCC) celebrated a historic agreement, after signing two key documents for the El Hato solar project, which will be carried out in the Latin American country.
In a virtual ceremony, Laureano Ortega Murillo, presidential advisor for the Promotion of Investments, Trade and International Cooperation of the Government of Nicaragua, was present; the Minister of Finance and Public Credit, Iván Acosta; and the Minister of Energy and Mines, Salvador Mansell Castrillo.
“President Commander, Daniel Ortega, have reaffirmed; the fellow vice president, Rosario Murillo, and the president, Xi Jinping; Nicaragua and China are strategic partners and we are brother people and we are pleased that Chinese companies and especially CCCC, accompany us in the implementation of renewable energy projects, because we all know that in China there are cutting-edge technologies in the field of photovoltaic energy” added Laureano Ortega.
Nicaragua moves towards solar energy
In this sense, more than 130 MW of solar photovoltaic energy will be integrated into Nicaragua’s electrical system as a result of this joint project.
The signed documents mark a milestone in the development of the El Hato project, an initiative of the Nicaraguan Ministry of Energy and Mines with a capacity of 67 megawatts and an investment of 80 million dollars.
Likewise, an Engineering, Procurement and Construction agreement between the Ministry of Energy and Mines and CCCC is included, as well as a Credit Facility Agreement for the project.
More solar energy projects between China and Nicaragua
In addition, it was reported on another solar project, called the San Isidro Plant, signed with ENACAL in October, with a capacity of 63 MW and an investment of 82 million dollars, aimed at strengthening ENACAL’s systems in Matagalpa.
Ortega Murillo highlighted that these projects mark the beginning of a long-term relationship with CCCC in Nicaragua, with the exploration of more projects to benefit the Nicaraguan people.
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The minister, Mansell Castrillo, emphasized Nicaragua’s commitment to increasing energy generation from renewable sources until 2035, highlighting the collaboration with CCCC as a key step in this process.
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To date, around 27 MW of solar generation has been installed, with plans to reach 130 MW by 2025. This growth will not only strengthen energy supply, but also drive cost competitiveness, thereby driving social and economic development. economic of the country.
