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Mombacho Geothermal Project still underway

By Guy José Bendaña-Guerrero & Asociados - 17/02/2021

Nicaragua’s state electricity company Nicaraguan Electricity Company (ENEL) presented the Environmental Impact Assessment for the drilling of three deep exploratory geothermal wells of the Mombacho Volcano Geothermal Project, Think Geoenergy informed. The purpose of the assessment is to ensure that decision makers consider the environmental impacts when deciding whether or not to proceed with a project. 

The Government of Nicaragua decided some years ago to allow private companies to continue the development of the country’s geothermal resources. Currently the Japan International Cooperation Agency (JICA) is financing a project in Mombacho, a stratovolcano near the city of Granada.

The objective of the project is to contribute to economic development, diversification of electric power production, and mitigation of climate change, through the use of the renewable energy, by construction of the geothermal power plant. The project falls into the geothermal sector under the JICA guidelines for environmental and social considerations.

JICA has been collaborating with the socioeconomic development of Nicaragua since the first dispatch of Japanese volunteers in 1991, signing in 2001 the Technical Cooperation Agreement between the Governments of Japan and Nicaragua, which expanded the types of assistance, having now the modalities of Technical Cooperation (including dispatch of experts, elaboration of development plans, training courses in Japan and third countries through the Knowledge Co-Creation Program KCCP), Grant Aid (in the form of equipment or infrastructure donations), Japanese Volunteers Program, and ODA Loans.

By Guy José Bendaña-Guerrero & Asociados - 17/02/2021
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Guy José Bendaña-Guerrero & Asociados

The Law Firm, specialized in the field of Intellectual Property, formerly known as Henry Caldera & Henry Caldera-Pallais, was founded in 1907 by Mr. Henry Caldera, as part of a three-way operation consisting also of the import and retail of goods. With time, these three operations became separate enterprises. That same year, and through the efforts of Mr. Caldera, Nicaragua had its first Trademark Law.

In the late 1930’s, Mr. Caldera’s older son, Henry Caldera-Pallais, after obtaining a Law degree in Nicaragua, furthered his studies in the University of Michigan, where he graduated to become a U.S. Registered Patent Agent. During his stay in the United States, he gained experience working with the New York firm of Lagner, Parry, Card and Largner. In the late 1940’s, Mr. Caldera-Pallais returned to Nicaragua to take charge of the Law Firm, which became known as Henry Caldera & Henry Caldera-Pallais.