Funding Offered for Geothermal Projects

An announcement has been made that the German government will have a credit line of $113 million available to fund geothermal projects in Central America.

Thursday, May 14, 2015

The announcement was made ​​by the German ambassador to Nicaragua, Karl-Otto König, who said in an article on Elnuevodiario.com.ni that "...Central America is a region with 'considerable potential' for generating thermal energy which comes from the ground or from volcanoes. "

He added that "... 'There is enough potential and this energy has an advantage. It could provide stability to the whole system '" The credit line will be "... 100 million euros (113 million dollars)."

"... Nicaragua alone has the potential to generate at least 1,519 megawatts of geothermal energy, equivalent to three times the total consumption of the country today, according to the Ministry of Energy and Mines. Nicaragua only takes advantage of 7% of its geothermal potential, according to the authorities. "

¿Busca soluciones de inteligencia comercial para su empresa?

Do you need more information about your business sector?

Request more information:









this site is protected by reCAPTCHA and Google's privacy policy and terms of service.
Need assistance? Contact us
(506) 4001-6423


More on this topic

Nicaragua: $103 Million for Renewable Energy

September 2016

Using an IADB loan electrical substations will be built and a technical feasibility study made for exploitation of the geothermal potential in the field of Cosigüina.

From a statement issued by the Inter-American Development Bank:

Nicaragua will be expanding its levels of renewable energy generation and improving the electricity transmission system through a US $103.4 million financing project from the Inter-American Development Bank (IDB).

Costa Rica: $500 million for Geothermal Plant

December 2015

With a loan from the IDB it is hoped that the state power geothermal projects Pailas Borinquen I and II will be completed and improvements made to the transfer line from Guanacaste and its connection to Central America.

The plan by the Instituto Costarricense de Electricidad (ICE) is to invest the proceeds of the loan between 2017 and 2025, starting with projects under development in Guanacaste, Borinquen Pailas I and II.

Geothermal Energy in Central America

January 2013

The region’s geothermal power generation plants exploit only 4% of its estimated potential of 13,000 MW.

Located in a region of considerable volcanic activity, Central America has excellent features for the generation of energy using heat from the earth, however it only generates 506 MW and remains dependent on expensive imported fossil fuels.

Investment in Geothermal Exploration Announced

January 2012

LaGeo, the company dedicated to power generation, has announced an investment of $41 million in geothermal exploration in El Salvador.

The exploration will be directed specifically towards the fields of Chinameca and San Vicente, over which the company holds a concession, announced its president Julio Valdivieso.

ok