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Geosa

Sector: Geothermal • Location: Rivas, Nicaragua

Source: World Bank Group

Project
Cancelled

On January 24, 2002, Nicaragua’s state-owned enterprise Emrpesa Nicaraguense de Electricidad (Enel), sold a 115 MW diesel powered thermal generator Generadora de Occidente SA (Geosa) to El Paso Corporation for $11.3 million. The generator consisted of two power stations, 100 MW Nicaragua and 15 MW Chinandega, located in western Nicaragua.

The contract was awarded at a privatization auction in

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The project “Geosa” is an infrastructure initiative in the Geothermal sector, located in Rivas, Nicaragua. Taiyo aggregates data on it from World Bank Group.

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Participants

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Status

Original status

cancelled

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Description

Description

On January 24, 2002, Nicaragua’s state-owned enterprise Emrpesa Nicaraguense de Electricidad (Enel), sold a 115 MW diesel powered thermal generator Generadora de Occidente SA (Geosa) to El Paso Corporation for $11.3 million. The generator consisted of two power stations, 100 MW Nicaragua and 15 MW Chinandega, located in western Nicaragua. The contract was awarded at a privatization auction in January 2002. El Paso Corporation’s bid of US $11.3 million beat Singapore-based Keppel Group’s bid of US $8 million. The government did not set a minimum bidding price. The auction was conducted as part of a larger effort by the Nicaraguan federal government to privatize all of Enel’s generation assets. The project was canceled in September 2007. The project was canceled in September 2007.

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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