Nicaragua and Iceland sign geothermal agreements

TODAY NICARAGUA – Nicaragua has signed an agreement with Iceland to study investments in geothermal projects. Iceland is one of the world’s leaders in this energy sector.

20090304-iceland-geothermal-powerThe agreement was signed by Nicaragua’s minister of Energy and Mines, Emilio Rappaccioli, and Iceland’s minister of Industry and Innovation, Ragnheidur Elin Arnadottir.

Rappaccioli put Nicaragua’s potential to produce geothermal energy at 1500 MW. However, in the current electric matrix only 647.6 MW come from this energy source.

Renewable energy contributes 51 per cent of the country’s electric production today.