Active Development AidData Chinese Aid

Huadian Overseas Investment signs MoU to develop Tumarín Hydroelectric Power Plant

Funder	China Huadian Corporation Ltd. (CHD)
Recipient Organization	Nicaragua Ministry of Finance and Public Credit
Country	Nicaragua
Start Date	Oct 17, 2023
End Date	Aug 03, 2031
Duration	2,847 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`108711`

Grant Description

Huadian Overseas Investment signs MoU to develop Tumarín Hydroelectric Power Plant On October 17, 2023, the Government of Nicaragua signed a Memorandum of Understanding (MoU) with China Huadian Overseas Investment Co., Ltd., a subsidiary of the Chinese state-owned enterprise China Huadian Corporation, to explore the design, financing, and construction of the Tumarín Hydroelectric Power Plant.

The Tumarín project, located in Apawás in the municipality of La Cruz de Río Grande (South Caribbean Coast Autonomous Region), was initially approved in 2009 under a Brazilian consortium involving Eletrobras and Queiroz Galvão. However, the project stalled in 2016 due to financial and legal issues faced by the Brazilian partners.

The plant is designed to generate 253 MW of renewable electricity, making it the largest energy infrastructure project in Nicaragua's history.

Under the new MoU, Huadian will conduct feasibility and technical studies to determine the viability of financing and implementing the project.

📋 Staff Comments

1. As of June 2025, no further loan/commitment details were found.

📚 Sources & References

Nicaragua offers the country's largest power plant project to a Chinese company
Chinese to help Nicaragua develop 500MW in projects
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
Tumarin hydroelectric plant
Tumarín Dam
Ortega-Murillo Regime Offers Energy Megaprojects to China
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.