ThinkGeoEnergy – Geothermal Energy News

Expected Q4 2022 start of operation of San Jacinto binary plant, Nicaragua

Polaris Renewable Energy expects start of operation of its 10 MW binary cycle extension of the San Jacinto geothermal power plant in Nicaragua to be finalised in Q4 2022.

In its report on the financial results for Q2 and 1H of 2022, Polaris Renewable Energy Inc. (TSX:PIF) shares that there is continued progress on the construction of the Binary power plant at San Jacinto, which is on schedule for completion in the fourth quarter of 2022.

The company recently changed its name from Polaris Infrastructure to Polaris Renewable Energy Inc.

The plant is being built by Ormat Technologies, as we reported last year.  The plant will have an installed power generation capacity of 10 MW.  The company spent an additional $5.9 million was spent in the second quarter, bringing the total investment to date to $19.6 million.

The San Jacinto geothermal power plant second quarter 2022 production averaged 51.8 MWs (net), compared to 51.2 MWs (net) in the second quarter of 2021. The increase in average production was due to the planned major maintenance carried out in the second quarter of 2021, whereas it is expected to take place on the third quarter of 2022. On a quarter over quarter basis, average production was 51.8 MWs (net) in the second quarter2022, 52.7 MWs (net) in the first quarter of 2022, and 51.4 MW (net) in the fourth quarter of 2021, which reflects the stabilization of steam pressure over time, expected by management.

Source: Company release

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