International Finance Corporation backs Polaris Energy in Nicaragua
The International Finance Corporation, a member of the World Bank Group, is providing $50 million and mobilizing an additional $140 million to support the construction of Nicaragua’s largest greenfield geothermal power project in more than 25 years.
The funds will be invested in Polaris Energy Nicaragua, which is building the 72-megawatt power plant in San Jacinto.
The investment is the corporation’s first in a geothermal project that integrates resource development and power generation.
Original source: The Financial