Nicaragua: Production Well Drilling at San Jacinto-Tizate Geothermal Power Plant to Start Next Month

Polaris Infrastructure Announces Signing Of Rig Services Contract (News Release)

Polaris Infrastructure Inc. (ex Ram Power), a Toronto, Canada-based company engaged in the operation, acquisition and development of renewable energy projects in Latin America, has announced that its wholly owned subsidiary, Polaris Energy Nicaragua S.A. (PENSA), has entered into a rig services agreement with an entity controlled by Iceland Drilling Company.

The Rig Services Agreement relates to the drilling of no less than two new production wells and the work-over of four existing injection wells, with the option for a third new production well at the San Jacinto-Tizate Power Plant, owned and operated by PENSA. The company anticipates a spud date on its first production well in early October 2015, and looks forward to working with Iceland Drilling towards a successful well drilling and work-over program.

Read More.......