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1987 - INDE and LANL began a cooperative study of field. 1987 to 1991 - MK-Ferguson drilled three directional wells(1500to2000m) toevaluatethedeepreservoir; fundedbytheIDB. Highenthalpyliquid-dominated resource with a maximum measured temperature of 300oC demonstrated a capacity of 24 MWe. 1988 to 1990 - Geoscientific studies conducted, e.g., geotectonics, gravity and SEV interpretation, fluid inclusions, and mercury soil samples. 1992 - INDE invited interested companies to submit bids for the construction and operation of a geothermal plant. 1993 - INDE reached a contractual agreement with Orzúnil S.A. (Ormat) to exploit the field through the constructionofa24MWebinaryplant. INDEwill produce the steam; Orzúnil will generate electricity. April 1999 - Hybrid plant (flash steam and binary) to be online. NOTES Orzúnil (Zúnil I) will be Guatemala’s first private geothermal power plant, serving as a model for the future development of private geothermal power in the country. OrmatInternationalistheprojectdeveloper. Orzúnil will buy steam from INDE and sell electricity to INDE. Initially, the plant was to be put into service in 1995. Construction was delayed, however, due to financing and bureaucratic problems which have since been overcome. Financing was arranged by Ormat with assistance from theInternationalFinanceCorporation(IFC). IFCwill invest $14.3 million in the project ($12 million debt and $2.3 million in equity). In addition, IFC also arranged a $15-million syndicated loan for the project. Zúnil II LOCATION 198 km west of Guatemala City; 2 km east of Zúnil I; east of the Samalá River; 5 km from the grid (San Marcos Department). STATUS Well(s) or hole(s) drilled INSTALLED CAPACITY (MWE) POTENTIAL (MWE) TEMPERATURE (EC) 0 40-50 244-280 CHRONOLOGY 1992 - Prefeasibility studies covering an area of 16 km2 Geothermal Resources in Latin America & the Caribbean 41PDF Image | Geothermal Resources in the Caribbean and Latin America
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