RE: RE: RE: RE: Volume surge today???? FREDSan Jacinto-Tizate reaches 36 megawatts Authorities of the Ministry of Energy and Mines, MEM, confirmed yesterday that the 36-megawatt generating plant of the company Polaris Geothermal Energy in Nicaragua, will start operations in late December, which will inject the National Interconnected System, SIN, renewable energy and and stabilize prices. Emilio Rappaccioli, Minister of Energy, yesterday told the news agency EFE, that these first 36 megawatt geothermal are part of that will generate 72 megawatts in total wellfield San Jacinto-Tizate, located in the municipality of Telica in Leon, as part of expansion program in its generation capacity. "Those 36 megawatts (renewable energy) that will come in the coming days, will mean a decrease in consumption of up to 400 000 barrels of oil, which in economic terms mean 40 million dollars annually," he said. Second stage: reaching 72 megawatts Rappaccioli added that the second phase of this project, a pioneer in the geothermal sector, completed in 2012, and plans to generate another 36 megawatts, for a total of 72 megawatts of installed capacity. This will allow the fuel savings increase to 80 million dollars annually. "This geothermal project has a positive impact on the economy and for energy generation costs as energy prices to consumers will be less", said Minister of Energy and Mines. San Jacinto geothermal project-Tizate is executed by the company Polaris Energy Nicaragua. To expand its generation capacity to 72 megawatts, the energy company of Canadian origin will invest a total of U.S. $ 415 million equity and loans from international banks, said the minister, who made yesterday a technical inspection to the geothermal field San Jacinto -Tizate. According to government targets in 2015 the INS in Nicaragua to 80% depend on natural resources