INE receives bids for geothermal projects
Bnamericas Published: Wednesday, June 01, 2005
Nicaragua's energy regulator INE expected to receive bids Tuesday afternoon from companies interested in developing two geothermal projects with total installed capacity of 400MW, project advisor Ariel Zúñiga told BNamericas. The bid deadline had previously been extended twice due to legislative matters. INE will have a two-month period, which can legally be extended up to three months, to evaluate technical and economic bids, Zúñiga said. The contracts are for the 250MW El Hoyo Monte Galán project, 6km from Momotombo, an active volcano in León department, and the 150MW Managua-Chiltepe project, which is about 12km from capital Managua.
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