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NoSpecificLawforGeothermal Like mineral resources, geothermal is considered the property of the State whose exploitation ICE seeks to maintain as a monopoly. All geothermal concessions belongtoICE. The new law, which is currently under consideration by the CostaRicanCongress,ismorebroadminded,allowinga wider range of use for resources, but still retains ownership by the State. Geothermal Sites / Projects Costa Rica has an estimated 1,000-3,500 MWe of geothermalpower potential. Due to its over-reliance on hydroelectric power, Costa Rica isdevelopingitssignificantgeothermalresources. In15 years, geothermal will account for 10% of Costa Rica’s totalinstalledcapacity,primarilybaseload. TheGOCR’s policy is to have 100% renewable energy production in Costa Rica by 2010 (Lawrence, 1998). Costa Rica began exploring its geothermal resources for electricalgenerationin1963. Itwasnotuntilthe1973 OPEC oil embargo, however, that a major interest in developing the country’s indigenous energy source materialized. Systematicstudiesbeganin1975at Miravalles. ICE is interested in further developing Costa Rica’s geothermal resources as an important component of its electricalgenerationplan. ICE’sobjectiveistosell geothermal steam to the private sector to be used in power plants built under Build-Operate-Transfer (BOT) or similar contracts. ICEwouldthenbuytheelectricitygeneratedfor the Interconnected National System. Electricity generation using geothermal energy began at Miravalles in 1994, which in 1998 continues to be the only exploited geothermal area in Costa Rica. By the year 2000, Miravalleswill produce approximately 167.5 MWe. On the basis of available data, it is probable that thedevelopment of Miravalles will reach its limit in the near Geothermal Resources in Latin America & the Caribbean 7PDF Image | Geothermal Resources in the Caribbean and Latin America
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