Geothermal San Jacinto Tizate Begins Operations

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).

An article in Elnuevodiario.com.ni reports, "Antonio Rodriguez, CEO of the plant, explained that this is the first phase of expansion the project, which includes one more phase which will generate another 36 megawatts of power."

The of geothermal energy production project will help generate savings of up to $62 billion in the country’s annual oil bill, said company executives..

Source: elnuevodiario.com.ni

More on this topic

Geothermal Project Receives $160 Million Financing

September 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.

Nicaragua: Geothermal Plant to Cost More than Expected

February 2011

San Jacinto-Tizate, the geothermal power project by Ram Power Corporation, will cost an additional $15 to $20 million.

In a press release, the company explained they are facing complications and unforeseen cost increases, which will delay the date to begin operations for the first phase of the project, initially estimated for April 2011, until July or August of that year.

Nicaragua: Geothermal Plant Receives $18 Million

March 2010

San Jacinto Tizate Geothermal power plant today received $18 million dollars from a total $77 available through a credit facility with various financial institutions.

These resources will be invested by Polaris Energy Nicaragua, a subsidiary of Ram Power Corp, in Phase II of geothermal power plant San Jacinto Tizate. This expansion will add 36MW, taking the plant to 72MW.

Nicaraguan Geothermal Project After IDB Funding

April 2010

Ram Power, developer of Geothermal Power Plant San Jacinto Tizate, asked the IDB for $40 million in funding.

The Inter-American Development Bank would loan $40 million for constructing the second phase of the plant, that would take the project’s total generation capacity to 72 MW.