Nicaraguan Power Sector
- Nicaragua Electric Power System
- 1998 law provides for unbundling, establishment of wholesale power market, and independent power generation
- Approximately 670MW of installed capacity, primarily hydro and fuel oil turbines
- Annual electrical load growth approximately 6.0%
- Fuel mix is currently 75% fuel oil or diesel, 21% hydro, and about 4% geothermal
- Electricity service coverage approximately 50%
- Union Fenosa, a major Spanish multinational with considerable experience operating and integrating utility-scale wind projects, holds electricity supply monopoly
- Project economics and expected pricing are far below average regional wholesale prices currently in the range of 11cents/kWh (110$/MWh)
