CABEI continues to support modernization of the energy matrix in Nicaragua
The cooperation is focused within Nicaragua’s 2019-2033Generation Expansion Plan.
Managua, August 17, 2020.- The Central American Bank for Economic Integration (CABEI) continues to contribute to the social and economic development of its partner countries in the region, contemplated in the Strategic Energy axis. In Nicaragua, the technical cooperation agreement was signed to carry out the studies of the Battery Energy Storage System Applications (BESS) project in the National Interconnected System (SIN).
In relation to this cooperation that amounts to US$440,000.00, CABEI’s Executive President, Dr. Dante Mossi stated that its purpose is to carry out electrical studies that allow dimensioning, specifying and simulating in specialized programs, the technical and financial feasibility, economic and environmental to use Battery Energy Storage Systems in the SIN.
“The project is being financed within the framework of the Technical Cooperation Subprogram under the Contingent Recovery Modality for the Public Sector and with resources from the Bank’s Technical Cooperation Fund (FONTEC),” said President Mossi.
Along the same lines, the important contribution ensures that Nicaragua continues working within the 2019-2033 Generation Expansion Plan focused on the modernization of its energy matrix, moving from a matrix predominantly composed of thermal plants and with extensive use of fossil fuel, to another that preferably makes use of generation technologies with renewable energy sources. The use of BESS in transmission lines will have a positive impact on frequency regulation, coverage of demand peaks during contingencies, coverage of regulation reserve, among other uses.
Likewise, the financing meets the priorities of the Government of Nicaragua. The National Electricity Transmission Company (ENATREL) will act as the executing agency and will have the CABEI Nicaragua Country Office as a counterpart in all matters related to cooperation.