Nicaragua: All Recently Drilled Wells Successfully Connected at 65 MW San Jacinto Geothermal Project

Polaris Infrastructure Announces 2018 Third Quarter Results (News Release)

(Courtesy Polaris Infrastructure )

Polaris Infrastructure Inc. of Toronto, Ontario, Canada, has reported its financial and operating results for the quarter ended September 30, 2018.

Highlights:

• The San Jacinto-Tizate Power Plant generated 144 GWh (net) (an average of 65.4 MW (net)), resulting in revenue of $18.2 million for the three months ended September 30, 2018, versus revenue of $15.9 million on generation of 125 GWh (net) (an average of 56.7 MW (net)) in the prior year period. 
• The company’s wholly-owned operating subsidiary, Polaris Energy Nicaragua S.A., which owns and operates the San Jacinto project, successfully connected all recently drilled wells during the second quarter of 2018. Along with the commissioning of a new separator station on pad 12, HPS3, steam production has been sufficient to bring the San Jacinto plant close to its 77 MW (gross) nameplate capacity. At this time the plant is operating in the 70-72 MW (gross) range.

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