Located in Tipitapa, Nicaragua, approximately 12 miles east of Managua, the Tipitapa Power Company power plant consists of five Wartsila 18V38 reciprocating engines. We own 57.67% of Tipitapa, with the remaining ownership interest is owned by Centrans.
Tipitapa's revenue is derived from selling 51 MW of the capacity and energy produced by the power plant to Disnorte and Dissur, private power distribution companies owned by Union Fenosa, which was recently acquired by Gas Natural, under a PPA with a term ending in 2014. The tariffs under the PPAs with Disnorte and Dissur are based on a structure with fixed capacity and variable energy components that allow for pass-through of fuel and other variable costs and recovery of operation and maintenance costs, fixed capital costs, servicing of debt and a return on investment. The tariffs are denominated and paid in U.S. dollars.
Bunker fuel is the power plant's primary fuel source and is provided by Esso under a fuel supply agreement with a term ending in 2014. The dispatch for power plants in Nicaragua is based on a marginal cost and merit-based system with the most efficient power plants being the first to be dispatched.
Contact Tipitapa:
Tipitapa Km. 19 carretera a vieja a Tipitapa, Tipitapa, Nicaragua (505) 2955-5513
Country of Operation: 
