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Chinese government pledges US$251.3 million loan for Mojolka Hydroelectric Project on the Tuma River
| Funder | China Communications Construction Co., Ltd. (CCCC) |
|---|---|
| Recipient Organization | Nicaragua Ministry of Finance and Public Credit |
| Country | Nicaragua |
| Start Date | Jan 01, 2023 |
| End Date | Dec 02, 2029 |
| Duration | 2,527 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 108685 |
Grant Description
Chinese government pledges US$251.3 million loan for Mojolka Hydroelectric Project on the Tuma River In 2023, Nicaragua’s Minister of Energy and Mines, Salvador Mansell, announced a US$357.4 million financing package pledged by the Chinese side for multiple energy projects under the National Program for Sustainable Electrification and Renewable Energy (PNESER).
Of this total, US$251.3 million was earmarked for the Mojolka Hydroelectric Project.
A memorandum of understanding (MoU) was signed between the Nicaraguan government and Chinese entities including CCCC South and Huadian Overseas Investment. However, as of June 2025, no finalized loan or grant agreement has been published. The project remains in the planning stage and is categorized as a pledge.
The Mojolka plant is expected to have a total installed capacity of 120 MW, using four 30 MW turbines.
It is projected to generate approximately 585 GWh annually, significantly increasing Nicaragua’s renewable electricity output and supporting rural electrification.
The Mojolka project aligns with Nicaragua’s strategy to diversify its energy mix through hydropower and reduce dependence on imported fossil fuels. It is expected to enter operation by 2027, although no construction has commenced as of June 2025.
Staff Comments
- This project is still in the pledge phase, with no finalized loan contract as of June 2025.
- Loan terms, implementing agency, and ESIAs are currently unknown.
Sources & References
- China invertirá US$564 millones para fortalecer la generación de energía limpia en Nicaragua
- Nicaraguan MPs set to approve Chinese loan for solar project supporting water utility
- Ortega orders signing of a loan with China for a minor project, amidst showers of promises of mega-projects similar to the Canal
- China widening Nicaragua energy scope
- Mojolka hydroelectric plant
- Mega hydroelectric project will be developed in Nicaragua in cooperation with China Agreements for the construction of mega-projects in Nicaragua in alliance with China, i
- Mojolka hydroelectric project in Nicaragua
- Nicaragua to Cooperate with China Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.
All Grantees
Nicaragua Ministry of Finance and Public Credit
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