Nicaraguan Geothermal Project After IDB Funding

Ram Power, developer of Geothermal Power Plant San Jacinto Tizate, asked the IDB for $40 million in funding.

Monday, April 19, 2010

The Inter-American Development Bank would loan $40 million for constructing the second phase of the plant, that would take the project’s total generation capacity to 72 MW.

From Bnamericas.com: “This year, Ram Power announced it would team with the IDB and the International Finance Corporation to execute the second phase of this project, that requires a total $154 million in funding”, reported Bnamericas.com.

¿Busca soluciones de inteligencia comercial para su empresa?



More on this topic

$ 190 Million for Geothermal Power Plant in Nicaragua

November 2010

The IFC will provide $ 50 million and mobilize an additional $ 140 million to support the construction of a new geothermal power plant.

This plant is the largest project in Nicaragua in over 25 years in this sector. This initiative will foster the generation of renewable energy, expand electrification and help reduce the country's dependence on imported fuels.

Nicaraguan Geothermal Power Plant Secures Funding for Expansion

September 2010

For the end of the month, Ram Power will have secured the funding for the second phase of the San Jacinto Tizate geothermal power plant.

With the construction of the second phase, power generation will be increased to 72MW.

"The amount financed will be around $160 million and will be mostly provided by the Inter-American Development Bank (IDB) and the World Bank, reported Hezy Ram, CEO of the company".

Nicaragua to expand geothermal energy with IDB help

August 2010

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).

$77 Million for Geothermal Plant San Jacinto-Tizate

January 2010

Goethermal power plant San Jacinto-Tizate, located in Nicaragua, closed a $77 million credit facility.

The consortium of lenders includes Central American Bank for Economic Integration (CABEI), Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (FMO), Export Development Canada and Cordiant Capital.

ok