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Nicaragua

Fenosa passes electricity production to TSK, Melfosur

22-Feb-2013

 

On 12 February 2013, Spanish electricity company Gas Natural Fenosa confirmed that it would pull out of the country, after selling US$57.8 million in shares of domestic electricity producer Disnorte-Dissur to the Spanish electricity conglomerate of TSK Electr├│nica y Electricidad and Melfosur on 11 February 2013. Presidential economic adviser Bayardo Arce Casta├▒o stated on 14 February 2013 that the national government will continue to subsidize electricity as well as monitor loss of energy until the sale is complete.

 

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