Geothermal power provides growing needs for electricity in Nicaragua
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