Iran pledges hydro, houses, port for Nicaragua

Iran promised to help fund a new $350 million ocean port and build 10,000 houses for Nicaraguan government, in a deepening of ties with Tehran.

Iran pledges hydro, houses, port for Nicaragua
Iran promised to help fund a new $350 million ocean port and build 10,000 houses for Nicaraguan government, in a deepening of ties with Tehran.

Iran also pledged to choose in November a site for a $120 million hydroelectric project to help Nicaragua overcome a power crisis marked by daily blackouts in the Central American nation.

The deep-water port on the Caribbean coast would be a first for Nicaragua. Venezuela would also provide funding for the project, Ortega told a news conference.

"We will work to combine Iranian investment with other friendly countries," Ortega said. "Venezuela would be ready and willing to take part in an effort like this," said Ortega, who spoke with Venezuelan President Hugo Chavez two days earlier.

Ortega met Iranian Deputy Energy Minister Hamid Chitchian on Wednesday to try to convince Iran to help build several hydroelectric plants in Nicaragua to held end the power crisis. Iran has committed to just one plant for now.

In return, Nicaragua hopes to increase its farm exports to Iran, mainly coffee, meat and bananas.

Venezuela this year shipped large electricity generators to Nicaragua and these have helped shorten the blackouts.

Ortega also said that he has sought Brazil's aid to end the energy crisis. Brazil's President Luiz Inacio Lula de Silva will visit Nicaragua next week.

The Iranian visit followed Ortega's trip to Tehran in June and a visit to Managua in January by Iranian President Mahmoud Ahmadinejad.


Reuters
Last Mod: 05 Ağustos 2007, 13:15
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