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project. It will sell all its electricity to ICE, the state utility, under a 15-year PPA after which ICE will assume ownership of the plant. Estimatedtotalcost: $70million;$49.5milliontobe financedbytheIDB. Thefinancinginvolvesa$16.5m loan from IDB’s ordinary capital (A loan) as well as a syndicated loan of $33 m (B loan), co-arranged and underwrittenbytheFujiBankofJapan. DresdnerBank and Credit Local de France also subscribed the syndicatedloan. GeoenergíadeGuanacasteLtda,the borrower, is contributing $16.5 m in equity. NOTES 27.5 MWe condensing plant in evaluation stage. ICE is considering calling an international competitive bid for a BOT contract for the construction of a binary cycle plant to extract energy from Miravalles’s waste water which is currently being injected into the reservoir. Interested companies will be able to define the binary cycle technology to be used and design a plant layout that will efficiently exploit the energy of these 160oC waters (Robles, 1998). Miravalles IV LOCATION The Miravalles geothermal field is located in northwestern Costa Rica, SW of the Volcán Miravalles (Guanacaste Province). STATUS Feasibility study Miravalles V LOCATION The Miravalles geothermal field is located in northwestern Costa Rica, SW of the Volcán Miravalles (Guanacaste Province). STATUS Prefeasibility study INSTALLED CAPACITY (MWE) POTENTIAL (MWE) TEMPERATURE (EC) CHRONOLOGY 0 27.5 160 INSTALLED CAPACITY (MWE) POTENTIAL (MWE) TEMPERATURE (EC) 0 20 160 Geothermal Resources in Latin America & the Caribbean 13PDF Image | Geothermal Resources in the Caribbean and Latin America
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