Enel to Develop 200 MW Geothermal Energy in Nicaragua

[AFX News Limited] Enel SpA said it has won an international auction for the rights to develop geothermal energy in two 100 square kilometer-areas of Nicaragua. Nicaragua reports say the two concessions have combined capacity of 200 megawatts. Enel officials said talks continue with Nicaraguan authorities on the specifics of the contract, including its value. This type of renewable energy will help Enel meet its Kyoto treaty emission limits, even though the energy output is less than at its gas-fired plants, the company added.
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