Polaris Will Expand Geothermal Plant in Guatemala

The Canadian company will start the expansion of its San Jacinto plant on October 31st.

Monday, August 24, 2009

The expansion project will be carried out in two phases. Phase one (34MW) starts October 31 and will take 18 months. The second phase will start in June 2010, and will be completed by March 2012. When completed, the project will output 72 MW.

"Polaris Geothermal Inc. ... said it reached agreement with the Ministry of Energy and Mines of Nicaragua in an effort to establish new dates for commencement of construction and completion of its expansion ... at its San Jacinto-Tizate geothermal power project located near Leon, Nicaragua", reported RTTNews.com.

More on this topic

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.

Geothermal San Jacinto Tizate Begins Operations

September 2011

The system will be tested in October and in December steam from the plant’s wells will generate 36 MW which will be delivered to Nicaragua’s electrical system.

Executives from the company, Polaris Energy, responsible for the project, said that tests will start in October and in December the plant will be directly connected to the National Interconnected System (SIN in Spanish).

$ 30 million IDB Loan for Geothermal Plant in Nicaragua

March 2011

The loan to Polaris Energy Nicaragua, builder and operator of the San Jacinto-Tizate geothermal plant, will allow increased electricity generation.

The initiative aims to expand the existing generating unit of 10 MW to a total of 72 MW by leveraging additional resources and the installation of two new turbines of higher capacity.

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).

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