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.
A $40 million loan will support the expansion of the San Jacinto-Tizate project, boosting power generation capacity
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.
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.
The loan to Polaris Energy Nicaragua, builder and operator of the San Jacinto-Tizate geothermal plant, will allow increased electricity generation.
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