Nicaragua Fosters Geo-Thermal Projects
Nicaragua promotes opening of its geo-thermal potential to international capital and projects, to look for a way out to the energy crisis provoked by the high prices of oil.

Nicaraguan National Energy Commission president Ernesto Espinoza said that with the projects scheduled, and going on in the next three or four coming years, Nicaragua will produce around 350 megawatts.

Espinoza said Italian enterprise ENEL constructs two plants, which will produce 250 megawatts in total, after he went to the opening of an exchange workshop on geo-thermal energy, sponsored by Iceland.

Canadian enterprise Polaris, and Israel's Ormat would sum up another 70 megawatts.

Espinoza said that Iceland is interested for Nicaragua to make a good planning for use of the abundant resources in Nicaragua.