Nicaragua: Polaris Infrastructure Reports Strong Cash Flow from San Jacinto Geothermal Power Plant

Polaris Infrastructure Announces 2019 Third Quarter Results (News Release)

(Courtesy Polaris Energy Nicaragua SA)

Polaris Infrastructure Inc., a Toronto-based company engaged in the operation, acquisition and development of renewable energy projects in Latin America, is pleased to report its financial and operating results for the quarter ended September 30, 2019.

The San Jacinto project generated 133 GWh (net) (an average of 60.2 MW (net)), resulting in revenue of $17.2 million for the three months ended September 30, 2019, versus revenue of $18.2 million on generation of 144 GWh (net) (an average of 65.4 MW (net)) in the prior year period.

For the nine months ended September 30, 2019 the San Jacinto project generated 401 GWh (net), resulting in revenue of $52.3 million versus revenue of $50.5 million on generation of 400 GWh (net) for the same period the prior year.

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