Canada's Polaris to invest US$96 million in Nicaragua geothermal project
Canada's Polaris Geothermal said it plans to invest US$96 million in increasing its geothermal capacity in Nicaragua.
Tuesday, May 27, 2008
The project will be jointly financed by Polaris, the Central American Bank of Economic Integration – which has already pledged a US$20 million advance – and other institutions.
With an investment of $1.5 billion El Salvador could add 440 MW to the 204 MW already produced with geothermal energy sources.
The volcanic mountain range of los Maribios could potentially generate more than 1,500 megawatts for the country.
GTherm, the owner of the patent, is negotiating with Instituto Costarricense de Electricidad (ICE) to develop a 12 MW pilot project.
A $40 million loan will support the expansion of the San Jacinto-Tizate project, boosting power generation capacity
- Daily Update
- Government Purchases
- Classified Ads
- Indexes & Statistics
- Press Releases
- Events Calendar