Geothermal power plant may begin operations in 2014

Ram Power announced that operations of a 10 MW binary unit at its San Jacinto-Tizate geothermal project in Nicaragua could begin in the first quarter of 2014.

According to Business News Americas, the company said it signed a mandate letter with IFC to lead and arrange a syndicate of lenders to finance up to $42 million of the binary unit. Construction is scheduled to begin in late 2012.

In January, Ram started commercial operations of the 36 MW first phase of San Jacinto-Tizate's expansion that brought capacity to 46 MW. Once the 36 MW second phase is complete by year-end, 10 MW of backpressure units will be decommissioned, leaving 72 MW.

Read more geothermal energy news

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Shell Leverages Data to Transform from Reactive to Predictive Operations

This 6-page report describes how Shell engaged in a massive project with OSIsoft to transform the...

Selection, Use, Care and Maintenance of FR Clothing

For industries operating in an inherently dangerous environment, the importance of selecting the ...

Evolution or Revolution: IT / OT convergence means a world of possibilities

The oil and gas industry is experiencing a rapid paradigm shift in regards to digital transformat...

Predict, Prescribe, Profit: Creating a World that Doesn't Break Down

What are you doing to reduce unplanned downtime at your plant? Equipment breakdowns and process i...