Geothermal Resources in the Caribbean and Latin America

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Geothermal Resources in the Caribbean and Latin America ( geothermal-resources-the-caribbean-and-latin-america )

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Onceaconcessionisgranted,ifacompanywishesto increase its capacity, it will be required to pay to the State a sum related to the real value of the original acquisition and comparable to the amount it would have paid at the time of theoriginalacquisitionhadthisincreasedcapacitybeen included. Upon request, SIGET will authorize for one time only, temporary permission to conduct feasibility studies for projectsutilizinggeothermalenergy. Thepermissionwill be granted for a two-year period with one option to renew. Thepermissionisnotexclusiveandmerelyfacilitates studiesconductedonstate-ownedproperty. Forstudieson private property, permission from the owner or administratorofthatpropertymustbeobtained. Geothermal Sites / Projects ElSalvadorhasanestimated2,210-4,140MWeof geothermalpower potential. Geothermalpowerrepresentstheleastcostgenerating sourceforbaseloadenergyforElSalvador. EachMWof geothermal power saves approximately $1,100 per day, depending on fuel cost. Consequently, geothermal power projects have a high priority. Geothermal power currently supplies 13% of the country’s totalelectricitydemand. Ahuachapánhasaninstalled capacityof95MWe;BerlínBocaPozoI,10MWe. An additional 60 MWe of capacity is under construction. By 2000, geothermal will supply about 20% of El Salvador’spower. By2010,itisestimatedthattherewill be380MWeofgeothermalinstalledcapacity. Todate,the GOES has invested over US$100 million in geothermal exploration and development but plans to be completely out of the geothermal development business by 2000. El Salvador began exploring its geothermal potential in the mid1960s. ThesouthernPlio-QuaternaryVolcanicBelt representstheprincipaltargetofexploration,withmajor geothermal zones, hot springs, hot wells, fumaroles, and exposuresofhydrothermalactivities. Mostactivitieswere halted during the Civil War (1980-1992). Six priority areas in terms of generating power potential havebeenidentified. Stretchingacrossthecountryfrom westtoeast,theyareAhuachapán,Chipilapa,Coatepeque, SanVicente,Berlín,andChinameca. AllexceptChinameca arehighenthalpy,liquid-dominatedfields. Thereisno inventoryoflowerenthalpyresources. Geothermal Resources in Latin America & the Caribbean 21

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