Guatemala: Tender for 800MW Attracts InvestorsThursday, April 28, 2011 At least 10 companies have already acquired the bidding rules ready to present bids on 28 October. Among the companies interested in bidding is Centrans Energy which operates a wind farm in the Pacaya volcano area, which generates 50 MW and represents an investment of $125 million. Nicaragua to expand geothermal energy with IDB helpTuesday, August 3, 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). Construction of Geothermal Plant Moves Forward in NicaraguaWednesday, December 15, 2010 The construction of the San Jacinto Tizate project, implemented by Polaris Energy Nicaragua is making good progress. The infrastructure where two turbines generating 72 MW will be installed, are almost ready. $ 30 million IDB Loan for Geothermal Plant in NicaraguaWednesday, March 9, 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. After expansion, the San Jacinto plant will produce enough energy to supply electricity to nearly one in twelve households in the country. Nicaragua: Increase in Geothermal InvestmentFriday, April 8, 2016 Polaris Energy has announced an investment of $43 million in drilling new wells to increase generation capacity from 50 to 72 MW. The company Polaris Geothermal Energy is aiming to increase its production capacity in Nicaragua and go from 50-72 MW of power. The information was confirmed by the CEO of the company, Alex Orono, during an appearance before the board of the Chamber of Industries of Nicaragua (Cadin), confirmed Elnuevodiario.com.ni. Geothermal San Jacinto Tizate Begins OperationsThursday, September 1, 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). Nicaragua: 10% State Stake in Energy CompaniesFriday, October 10, 2014 In the Legislature a bill is being introduced that gives the state a minimum holding of 10% in energy projects of over 100 MW. With the reform of the law of Exploration and Exploitation of Geothermal Resources compulsory state participation in these projects is authorized. Companies in the sector believe that "... giving the state minimum participation will not jeopardize investments." Iceland Analyzes Nicaragua's Geothermal PotentialMonday, November 17, 2014 As part of the Geothermal Energy Master Plan a delegation of experts will be arriving from the volcanic country where 100% of the energy matrix is renewable. Nicaragua's Geothermal Master Plan has identified 10 potential sites for geothermal generation of about 1,700 MW, located along the Pacific volcanic range. Geothermal Project Receives $160 Million FinancingTuesday, September 20, 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. Gas Plants in Puerto La Union AcceptedThursday, May 17, 2012 The new mayor will maintain the ban on power plants using coal or bunker fuel, but accepted those running on clean energy. The new mayor of the municipality of La Union, Ezequiel Milla, has amended a decree prohibiting the installation of power plants that used coal, liquefied natural gas or any derivation of hydrocarbons as fuel, which was not conducive to investment in the city. $ 190 Million for Geothermal Power Plant in NicaraguaMonday, November 8, 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. Nicaragua Covers 48% of Demand with Renewable EnergyTuesday, January 17, 2012 Nicaragua managed to cover 48% of the population’s domestic demand with renewable energy, producing 219.8 MW. A press release by ProNicaragua reads: |
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