Textile sector growth in Nicaragua is limited by the cost of high electricity, according to the Nicaraguan Association of the Textile and Apparel Industry (Anitec). Excessively high rates discourage foreign investors who could enable the entry of textile companies and spinning mills into the country’s market. Electricity rates are currently so limiting that it makes more sense for companies to install fuel plants than pay for energy, as reported by Laprensa.com.ni. There are 177 free zone companies operating in the country and 60% of those are textile companies. Anitec has address the Agency for Investment Promotion and the National Free Zone Commission, yet has had little success in convincing them to change policies on energy rates and consumption.
http://qcostarica.com/nicaragua-textile-manufacturers-suffer-from-expensive-energy/
