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Article: Nicaragua taps geothermal energy.
- Article from:
- UPI Energy Resources
- Article date:
- October 29, 2009
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Nicaragua is hoping to tap into its vast geothermal power resources and has awarded two concessions to Magma Energy Corp. and its partner Polaris Geothermal Inc., both of Canada, as part of a long-term energy self-sufficiency plan.
Industry experts say Nicaragua has the most geothermal energy potential of any country in Central America. Mostly trapped in volcanic mountains along the Pacific Coast, experts say geothermal energy alone can solve Nicaragua's energy crisis while efforts are under way to exploit wind power and other forms of renewable energy.
The Magma link followed the Canadian company's success in securing a stake in Iceland's geothermal ...