Magma Energy gets two Nicaragua GT concessions

In Canada, Magma Energy and Ram Power subsidiary, Polaris Geothermal have been awarded two geothermal concessions in Nicaragua, “Volcan Mombacho” and” Caldera de Apoyo”. Polaris will be the operator and each company will contribute equally to the project costs. Caldera de Apoyo is 10 km south of Masaya and 10 km west of the colonial town of Granada. The total area for each of the exploration concessions is 100 square km.