Nicaragua is the country that has used and reported the highest production costs in all of Central America.
The huge cost on the national product, and local consumers and the country's competitiveness in the international market, is due to factors such as the cost of electricity that is generated using fossil fuels and the lack of proper technology to make the processes easier and more efficient.
The great paradox is that Nicaragua has, comparatively, more renewable resources from which to generate electricity than the rest of Central America, and could use these to reduce considerably production costs, both internally and externally.
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.
The region’s geothermal power generation plants exploit only 4% of its estimated potential of 13,000 MW.
Located in a region of considerable volcanic activity, Central America has excellent features for the generation of energy using heat from the earth, however it only generates 506 MW and remains dependent on expensive imported fossil fuels.
A $40 million loan will support the expansion of the San Jacinto-Tizate project, boosting power generation capacity
The Inter-American Development Bank (IDB) announced the approval of a $40 million loan to finance the second phase expansion of the San Jacinto-Tizate geothermal power project, which is being developed by a private sector company, Polaris Energy Nicaragua S.A. (PENSA).
GTherm, the owner of the patent, is negotiating with Instituto Costarricense de Electricidad (ICE) to develop a 12 MW pilot project.
Within ICE's strategy to develop clean electricity sources, since October 2010 it is negotiating a pilot project to generate electricity by harnessing geothermal energy in the subsoil, a rich resource in Costa Rica.
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