Nicaragua President Daniel Ortega received a delegation of businessmen headed by billionaire Idan Ofer, Chairman of Israel Corp.  IC Power has important investments in Nicaragua in the energy sector particularly in in wind energy projects.

President Ortega has announced that Nicaragua has a commitment to changing the energy matrix and recently the country presented a 4 billion dollar investment plan for next fifteen year. Nicaragua seeks to cover 90% of the energy matrix based on renewable energy sources such as wind, geothermal, hydroelectric, biomass and solar.

The meeting also included Javier García, IC Power CEO, Francisco Lopez, Vice President of Albanisa, and Cesar Zamora, IC Power Country Manager.

IC bought four energy plants in Nicaragua

Earliert this year, the company of Israeli origin with market presence in the Central American market signed with AEI Power a contract to purchase four power plants capable of generating 185 MW. “The total capacity is approximately 185 MW, including a wind farm capable of generating 63MW. The plants acquired are: Amayo I and Amayo II, located south of Managua, two thermal generation plants based on bunker fuel with capacity to generate 122MW; Tipitapa, 51MW, 20 km northwest of the capital and Corinto, 71MW, located in the port of Corinto, 144 km northwest of Managua” IC power stated in a press release.