Managua, Nicaragua; September 29, 2016
With an investment amounting to US$4.9 million, Nicaraguan company Aceitera El Real inaugurated today two projects: a modern biomass-based power generation plant and a palm oil fractionation plant. The former aims to supply the plant’s electricity needs, and the latter generate savings by substituting imports of refined palm oil.
Gral. Álvaro Baltodano, Presidential Delegate for Investments; Mr. Horacio Rapacciolli, CEO of Aceitera Real; and Ms. Aura Lyla Padilla, Mayor of the city of Chinandega, presided over the opening ceremony. The event was also attended by the Nicaraguan Government and private sector representatives.
The project included the construction of two modern industrial buildings: the cogeneration power plant comprises a 2-level building of 18-meter-high, which covers about 700 square meters of productive area; the fractionation plant comprises a 2-level building of 12-meter-high, with a productive area of about 400 square meters.