Dictator Daniel Ortega continues to indebt Nicaragua to communist China. This Thursday the credit facility contract was signed with the Communications Construction Company Limited (CCC), which, according to the regime, has been designated to build a third photovoltaic energy project, this time to supply electricity to the Company’s plants. Nicaraguan Agency for Aqueducts and Sanitary Sewers (Enacal).
The signing of the commercial and credit facility contract for 70 million 550 thousand dollars took place this Thursday, one day after the regime ordered the publication in La Gaceta, Official Gazette, of two presidential agreements in which it authorizes the president of Enacal, Ervin Barreda, and the Minister of Finance and Public Credit (MHCP), Bruno Gallardo, to sign the debt commitments with the Chinese company.
“Nicaragua and China signed contracts for the execution of the ENESOLAR 3 Solar Project, which will be carried out in Masaya, with the purpose of continuing to develop works, to improve the living conditions of the Nicaraguan people,” said Vice-dictator Rosario Murillo during her monologue. newspaper through the official propaganda media.
This other celebration for the State of Nicaragua was authorized by the dictator Ortega through Presidential Agreement 176-2024 in which he gives authority to the president of Enacal so that “acting in the name and representation of the Government of the Republic of Nicaragua, he signs with the company China Communications Construction Company Limited (CCC) of the People’s Republic of China, Contract for “Construction Project of Photovoltaic Plant for the Operation of ENACAL Systems (ENESOLAR-3/ APAS) in the Municipality of Masaya, Department of Masaya”».
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Likewise, Ortega, through Presidential Agreement 177-2024, authorizes the Minister of Finance, Bruno Gallardo, to contract said state debt.
The Ortega-Murillo regime is developing three photovoltaic energy projects with that same Asian company for ENACAL, which add up to a total of more than 240.5 million dollars, all in the form of loans.
The first is called N-SOLAR 1 photovoltaic project, located in the municipality of San Isidro, department of Matagalpa, which is already being executed with a cost of 90 million dollars.
The second is the N-Solar 2 Photovoltaic Project, in El Hato, Ciudad Darío, department of Matagalpa, which costs 70 million dollars, and the third in Masaya, which was signed this Thursday for which they committed a loan of U$70.5 million .
Debt with China grows rapidly
The Ortega-Murilo dictatorship reestablished its diplomatic relations with communist China in December 2021, and in December 2023, the two totalitarian regimes declared that their relations would rise to the level of “strategic”, without explaining what this new status of their relations consisted of. .
What has become very clear is the speed with which debt to the Chinese is growing. On May 23, the political operator of the dictatorship in the National Assembly and who serves as president of the Production, Economy and Budget Commission, Wálmaro Gutiérrez, stated that China has loaned Nicaragua 567.17 million dollars for the execution of four projects in the last six months.
Taking into account this confession of the Sandinista deputy, and adding three new loans, including this Thursday’s one totaling US$352 million, contracted by the dictatorship with the Asians, the debt with that communist power would be 919.27 million dollars.
