The renewable energy company Ram Power announced that the geothermal power plant project in San Jacinto Tizate, León, Nicaragua, has the capacity to generate 4MW.

Last March the company began drilling a second well, in order to maximize the production capacity of the plant.

A report in Proactiveinvestors.com notes: "The current drilling program is focused on developing geothermal resources needed for an eventual expansion of the plant, designed to increase generating capacity to 72 MW. "

Source: Proactiveinvestors.com

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Results of San Jacinto-Tizate Geothermal Plant

April 2014

In 2013 the geothermal plant belonging to the Ram Power Company generated revenue of $46.2 million and 424 thousand MW of net power.

The company that operates the San Jacinto-Tiziano geothermal plant and also exploitation rights to the Casita San Cristobal project presented its financial results for 2013, highlights of which include the financial performance of San Jacinto-Titian.

Geothermal Energy in Nicaragua

March 2012

The volcanic mountain range of los Maribios could potentially generate more than 1,500 megawatts for the country.

Studies by the Ministry of Energy and Mines (MEM) estimate that the volcanoes of the Los Maribios range, along the Pacific area, could give the country a generation potential of more than the 1,500 megawatts in 12 areas or geothermal fields, a capability that could liberate Nicaragua from dependence on oil as a source of electricity.

Geothermal Project Receives $160 Million Financing

September 2011

The San Jacinto Tizate geothermal project in Nicaragua, has received an initial installment of $104 million in financing, from a total loan of $160 million, which will be used to complete work on the second phase.

Antonio Rodriguez, CEO of San Jacinto Tizate, told El Nuevo Diario that part of the work is completing the installation of a second turbine.

$20 Million for Nicaraguan Geothermal Power Plant

January 2010

Ram Power Corporation and Polaris Energy Nicaragua secured a loan from CABEI to enlarge San Jacinto Tizate geothermal power plant.

With these $20 million from the Central American Bank for Economic Integration, the Canadian companies have complete the $77 million funding required for expanding the power plant.