Financial records show the Ortega ally’s company profited heavily from the state-owned geothermal field before a political purge ended the deal and brought money-laundering charges
New Fortress Energy Appears to Abandon $700 million Natural-Gas Plant in Nicaragua
The U.S. Company’s Puerto Sandino project, once touted as a 300-MW boost to the grid, has gone silent amid heavy debt and stalled operations
Ortega Regime Hands Massive New Mining Concession of Biosphere Land to Chinese Miner Already Accused of Seizing US-Owned Site
China’s Zhong Fu has awarded nine mining lots in just two years. The lot awarded this Tuesday covers nearly 50,000 hectares
DEA Pull-Out from Nicaragua Raises Concerns that the Country Could Follow Venezuela Toward a Narco-State
The DEA will leave Nicaragua this year due to a lack of cooperation from the dictatorship, which has historically been accused of being allied with drug traffickers and aligned with Venezuela, where the Cartel de los Soles reigns
Identity, science and memories, the archaeology of a Nicaraguan’s life in Pittsburgh, United States
Manuel Román Lacayo is an archaeologist who misses the warmth of the Nicaraguan people and the bustle of its streets. This is his story.
Dictatorship and Chinese Company Strip U.S. Investors of Mining Plant in Palacagüina
This marks the first time the dictatorship has acted in collusion with a Chinese-owned company operating in Nicaragua to strip foreign investors of their assets
Chinese company Nuctech, which offered scanners to the dictatorship, is flagged by the U.S. and the EU
In 2020, the United States placed Nuctech on its blacklist of designated companies due to concerns over the quality of its security standards, while the EU is investigating it for unfair competition
Baltodano Monroy used the Ortega name to attract investors
Based on Ormat’s financial statements, the Momotombo plant “as a going concern” was valued at around $37 million in 2013, according to an expert; however, the Israelis received only $7.5 million.
Costa Rican minister points to presence of the Cartel de los Soles on the border with Nicaragua
Minister Mario Zamora stated that he does not rule out the possibility that Nicolás Maduro’s regime is behind the illegal gold extraction in Crucitas, where Nicaraguan miners are involved.
Baltodano Inc: Momotombo Power, a profitable business created in Ortega’s shadow
A Mexican partner lent Álvaro Baltodano Monroy US$8.6 million to enter the energy sector in 2013. Despite the purchase price being a bargain, he was never paid, according to documents seen by LA PRENSA.
