Iran to build $230 million hydroelectric dam in Nicaragua

A state-owned Iranian company will build the $230 million Bodoke project on the Tuma River in the Jinotega province with financing by Iran's export bank, Energy Minister Emilio Rappaccioli told Nicaragua's Channel 2 on Thursday."The construction will take place once both sides reach an agreement on a series of factors that have to studied further," Rappaccioli said.

The visit came just a week after U.S. Ambassador Paul Trivelli warned the Central American nation about its increasingly close ties with Iran. But Trivelli also said that the relationship would not endanger the United States' "good relations" with Nicaragua.

Under the Iran-Nicaragua pact, Iran will fund a farm equipment assembly plant, 4,000 tractors, four hydroelectric plants, five milk-processing plants, a health clinic, 10,000 houses and two piers in the western port of Corinto. In exchange Nicaragua will export coffee, meat and bananas to Iran.
The planned dam is part of Nicaragua's plan to shift toward renewable energy sources. Currently 80 percent of the country's energy needs are met by oil imports.


The Iranians are now trying to help out the South Americans. This seems strange because the Iranians seem to be "buddying up " with county's closer to the U.S.A. This article also explains that this project is one of many projects talked about by the Iranian government.

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Peace Between Iran and India?

DUBAI: India and Iran have agreed to improve bilateral ties, particularly in consular affairs and provision of broader facilities for nationals of both the countries that resulted in signing of a MoU.

The MoU pertains to agreements on easier issuance of visas, providing better facilities for residents and students of each country in the other, as well as establishment of a committee to pursue the implementation of the agreements.

Both countries held their Fourth Shared Consular Meeting in Teheran yesterday, led by director generals of two countries' foreign ministries consular head offices.

The shared consular meetings of the two countries are held alternatively in Tehran and New Delhi.



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According to this article, India and Iran plan to work to improve bilateral relations. Could this be the beginning of a more peaceful Iran? Or will the country continue to have volatile relationships with other members of the international community?

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