Thursday, April 3, 2014

Nicaragua:

Casita Geothermal Project Might Start in June (Central America Data.com)

Through its subsidiary Cerro Colorado Power, the concessionaire of the project, Ram Power, expects to complete the paperwork to begin the operation by June.

After obtaining the grant for geothermal energy exploration in the Casita project in 2008, the company Ram Power is prepared to sign with the government of Nicaragua the contract for the operation of the project, estimated for midyear.

"During the second quarter of 2013, the company started feasibility studies for the environmental and local permits required for the energy exploitation in the project. The company also began the process required to obtain a license and negotiate a Power Purchase Agreement with the government of Nicaragua.