Nicaragua
News

INE receives 3 bids for 2 geothermal projects

Bnamericas
Nicaragua's energy regulator INE has received offers from three bidders interested in developing two geothermal projects with total installed capacity of 400MW, project advisor Ariel Zúñiga told BNamericas. 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 city Managua. Bidders could submit bids for either project or for both projects. INE sold eight packages of bidding rules and received bids on May 31. US company Ormat submitted one bid for the El Hoyo Monte Galán project, while GeoNica, a consortium of Italian company Enel and El Salvadorian company La Geo, submitted offers for both projects, as did Canadian company Cerro Colorado Power, Zúñiga said. Ormat has 3MW of installed geothermal capacity in Mexico, 24MW in Guatemala, 15.5MW in Costa Rica and 30MW in Nicaragua. INE has already begun the evaluation process, which is usually for a two-month period but can legally be extended up to three months, Zúñiga added.

Subscribe to the leading business intelligence platform in Latin America with different tools for Providers, Contractors, Operators, Government, Legal, Financial and Insurance industries.

Subscribe to Latin America’s most trusted business intelligence platform.

Other projects in: Electric Power

Get critical information about thousands of Electric Power projects in Latin America: what stages they're in, capex, related companies, contacts and more.

  • Project: Hidropaez
  • Current stage: Blurred
  • Updated: 3 days ago

Other companies in: Electric Power (Nicaragua)

Get critical information about thousands of Electric Power companies in Latin America: their projects, contacts, shareholders, related news and more.

  • Company: Instituto Nicaragüense de Energía  (INE)
  • Instituto Nicaragüense de Energía (INE) is a Nicaraguan state entity created in 1979 to regulate, supervise and inspect the power sector and the compliance with the policies of ...
  • Company: Aguas El Carmen S.A.  (Aguas El Carmen)
  • Aguas El Carmen S.A. is a Nicaraguan power generation company based in Managua which was established in 2015 by the local geothermal operator Momotombo Power Company (50%) to de...