Goldcorp to Conduct Geothermal Studies in Guatemala

The feasibility study is in its initial phase, perforating wells in order to determine the temperature of the water and the potential of the source.

Tuesday, February 24, 2009

Fernando Quiñonez writes in "Taking advantage of the fact that the mining project in the village of Cerro Blanco, in Asunción Mita, Jutiapa, is very close to a geothermal source, the company Gold Corp. will carry out studies to install an electric generator with vapor from the ground. Eduardo Villacorta, regional director of the firm, indicates, "it makes all the sense in the world to develop the plant because it will permit a supply of less expensive electricity and the possibility to sell the surplus throughout the country."

More on this topic

Geothermal Energy in Nicaragua

March 2012

The volcanic mountain range of los Maribios could potentially generate more than 1,500 megawatts for the country.

Studies by the Ministry of Energy and Mines (MEM) estimate that the volcanoes of the Los Maribios range, along the Pacific area, could give the country a generation potential of more than the 1,500 megawatts in 12 areas or geothermal fields, a capability that could liberate Nicaragua from dependence on oil as a source of electricity.

“Dry” Geothermal Energy Exploitation

January 2011

GTherm, the owner of the patent, is negotiating with Instituto Costarricense de Electricidad (ICE) to develop a 12 MW pilot project.

Within ICE's strategy to develop clean electricity sources, since October 2010 it is negotiating a pilot project to generate electricity by harnessing geothermal energy in the subsoil, a rich resource in Costa Rica.

Geothermal Energy in Central America

September 2010

While costly to build, Geothermal Energy plants could represent a reliable source of clean energy in the long term.

With its many active volcanoes, the region has a unique opportunity to exploit the heat accumulated under the earth in order to generate energy.

For example, Guatemala is aiming to source 60% of its energy needs through geothermal plants by 2022.

Canada's Polaris to invest US$96 million in Nicaragua geothermal project

May 2008

Canada's Polaris Geothermal said it plans to invest US$96 million in increasing its geothermal capacity in Nicaragua.

The project will be jointly financed by Polaris, the Central American Bank of Economic Integration – which has already pledged a US$20 million advance – and other institutions.

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