El Salvador Seeks German Investment
The country is seeking investment in the renewable energy sector, especially in geothermal and wind power generation.
Wednesday, October 20, 2010
Foreign Minister Hugo Martinez, who is in Germany, told El Mundo: "We believe we can create an investment mechanism that could help the country in the diversifying the power grid.”
22 new energy generation projects are planned for the next four years.
The volcanic mountain range of los Maribios could potentially generate more than 1,500 megawatts for the country.
Nicaragua alone has geothermal potential of 2000 MW , and the region as a whole has total exploitable potential of 5000 MW.
The World Bank is calling for a Global Geothermal Energy Development Plan in order to take advantage of subsurface heat available in many countries, including those in Central America.
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