Geosa
Sector: Geothermal • Location: Rivas, Nicaragua
Source: World Bank Group
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
- Status
- Failure
- Sector
- Geothermal, Power Generation (CCGT), Government
- Location
- Rivas, Nicaragua
- Updated
- 22 Jul 2026
- Source
- World Bank Group
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Project Information
Participants
Sponsoring Agency |
Status
Original status | Cancelled |
Taiyo status | Failure |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
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. |
Original sector | Energy |
Budget |
Location
Country | Nicaragua |
State | Rivas |
Source
Source | World Bank Group |
URL |
More Details
Record type | Project |
Sector | Geothermal, Power Generation (CCGT), Government |
Article published date | 2024-05-15 |
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