Construction on a 250-MW hydroelectric powerplant in Nicaragua is slated to begin in November after financing for the $700-million project was lined up through a slate of Brazilian firms and regional organizations. Earlier this year, a consortium led by Brazil’s state utility Centrais Eletricas Brasileiras (Eletrobras) and Centrales Hidroelectricas de Centroamerica (CHC)—a subsidiary of the Brazilian construction firm Queiroz Galvao—was awarded a 30-year, build-operate-transfer concession for the Tumarin hydroelectric facility on the Rio Grande de Matagalpa River, located northeast of the capital Managua. When completed in 2014, the 60-meter-high dam will create a 55-sq-kilometer reservoir in Nicaragua’s south Atlantic autonomous
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.