Wednesday, February 8, 2023

Logo Central America Link

Geothermal power provides growing needs for electricity in Nicaragua

Friday, March 25, 2011

Today, Nicaragua produces electric power by burning oil and coal. Tomorrow (or, at least in the not-too-distant future), it intends to tap the chain of volcanoes it sits above as a source of geothermal energy.

Polaris Energy Nicaragua, S.A. has received more than $30 million in funding from the Inter-American Development Bank to expand the capacity of the San Jacinto geothermal power plant from an existing 10 megawatts to a total of 72 megawatts. 

Currently, Nicaragua’s private sector provides more than 40 percent of the nation’s energy.

Original source: Forbes