Cabei Approves $37 Million Nicaragua Power Loan

The Central American Bank for Economic Integration (Cabei) has approved a $37 million loan to Nicaragua for the design and construction of its Larreynaga hydroelectric project in Jinotega. The power plant, which is set to take two years to complete, will have an installed capacity of 17MW and will help towards making up the country’s energy shortfall by boosting Nicaragua’s output by 3%. The country has seen a growing energy crisis this year and a mounting number of power outages.