The government of Nicaragua is exploring funding options for the development of a plan for taking advantage of the country's geothermal potential.
The plan is to conduct studies on the potential of this kind of generation and offer the project to private investors. "We are in talks with financial institutions to see if we can get funding for such studies, to encourage and develop geothermal energy," said Lorena Lanza, Deputy Minister of Energy and Mines.
The government will sign two concession contracts with Infinity Energy for oil and natural gas exploration and exploitation.
According to the article from "Proceso Digital," the Nicaraguan vice-minister of Energy and Mining, Lorena Lanzas, pointed out that "the granting of these concessions have already been approved by the Regional Governments of the Southern and Northern Caribbean coast of Nicaragua, in accordance with the law."
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