Iran will build a hydroelectric dam in northern Nicaragua, despite U.S. reservations, the energy minister said Thursday.

The country’s power monopoly, the Korea Electric Power Corp. (KEPCO) said Tuesday it has agreed with the Bolivian government to build a 120 megawatt hydroelectric plant as part of its ambitious Misicuni project.
KEPCO signed a memorandum of understanding with the South American country’s state electrical utility, ENDE, to kick off pre-feasibility studies at the site in central Bolivia, according to company officials.
Bolivia’s rivers are known to have considerable, largely untapped hydroelectric potential, while the per capita electric consumption remains low. As part of its efforts to improve services, the state-run …