Energy and natural resources in Nicaragua


The powerhouse team at Arias remains a leader in the energy and natural resources practice area. The group regularly advises multinationals seeking to develop projects in the region, providing assistance with bidding processes, regulatory compliance issues, concession contracts, the execution of assignment agreements, contractual matters and tax charge claims. The group is headed by managing partner and foreign investment authority Ana Teresa Rizo and energy agreement expert Gustavo-Adolfo Vargas, and backed by newly promoted partner Rodrigo Ibarra, a specialist in project finance. The team’s client base spans the energy, investment, and metals and mining sectors.

Practice head(s):

Ana Teresa Rizo; Gustavo-Adolfo Vargas

Alvarado y Asociados

The energy and natural resources group at Alvarado y Asociados handles a diverse range of issues, including certification, due diligence, financial regulation and environmental administrative procedures. The group is led by Gloria María de Alvarado and Luz Marina Espinoza, who are experienced in advising multinational clients in the hydrocarbons, mining and forestry sectors on project financing and regulatory matters. Senior associates Yuri Cerrato and Fabiola Urbina are also noted for their expertise in transactions in the energy sector. The team’s client roster features international clients such as Cemex, and covers the energy, hydrocarbons, forestry, construction, telecoms, metal and mining sectors.

Practice head(s):

Gloria Maria de Alvarado; Luz Marina Espinoza

Key clients


The Electrum Group

Cotton Gin International/Hydrologica

Consortium Legal

The 'experienced' team at Consortium Legal offers key support to local and international clients in highly regulated sectors, with a full service that extends to advising on the financing, licensing, permitting and concessions for energy, mining, hydrocarbons, aquaculture and forestry projects. The team is headed by Martha Lorena Icaza, who is experienced in advising on high-impact projects, tax authority Carlos Taboada, and senior associate and energy sector specialist Silvio Arguello. The group’s client roster covers the energy, metals and mining, banking, agroindustrial and telecoms sectors.

Practice head(s):

Carlos Taboada; Silvio Arguello; Martha Lorena Icaza


‘In my experience, the Consortium team is one of the most experienced firms acting on behalf of creditors in the financing and development of projects.’

‘It is a team with a lot of experience and maturity. I have had the pleasure of working with Martha Lorena Icaza.’

Work highlights

  • Advised Rio Tinto on a variety of local mining and environmental issues.
  • Assisting Suzlon Wind Energy with the negotiation and representation of the company before all public and private entities necessary for its operations in Nicaragua.
  • Assisting UNO Nicaragua with its operations in the country.

García & Bodán

The energy and natural resources group at García & Bodán advises local and international companies on a diverse range of matters. These include energy regulatory compliance, project finance, portfolio management and tax planning. The team is led by regional director and firm founding partner Terencio García and backed by regional corporate, commercial and transactional practice head Federico Gurdián. The group’s client roster spans the energy, financial services, environmental, food, real estate, and metals and mining sectors.

Practice head(s):

Terencio García

Key clients

Tritón Minera (subsidiary of B2Gold)

Rainforest Alliance

The Nature Conservancy

Minera San Cristóbal

Cairn Energy

Tola Development Group

Work highlights

  • Advised Cairn Energy on the process for formal registration and qualification – though a local subsidiary – as a non-operator contractor for oil and gas operations in Nicaragua.


The team at CENTRAL LAW Nicaragua advises clients on every stage of their regional projects, from bidding and financial structuring, to design, construction and operation. The group’s client base covers such sectors as energy, environmental, infrastructure and mining. Álvaro Molina Vaca is the key contact.