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Mexico The Geothermal Financing and Risk Mitigation Program will channel resources from the IDB, the Clean Technology Fund and the Mexican Government to private developers for different stages of geothermal development, including exploration. The US$120M Program will support the development of 300MW of capacity, the avoidance of 33 MTons CO2. Technical assistance under the Program includes regulatory support, technical due diligence, capacity building and facilitation of PPP schemes. Guatemala Supporting the Energy Ministry in the overcoming of physical and institutional barriers to the utilization of geothermal energy through initiatives to increase the competitiveness of this type of energy and the development of a knowledge base and institutional framework that encourages investment in the sector. Nicaragua Financing with US$30.3 M the construction of the second unit (36 MW of net capacity) of San Jacinto-Tizate geothermal plant. Costa Rica The IDB has had a long-term engagement (since late 70s) in the support of the geothermal development of the country. The IDB financed Unit I and III of Miravalles geothermal field (more than US$100M loan in the 80s and 90s) and supported the Instituto Costarricense de Electricidad to strengthen its capacity to manage the design, execution and operation of geothermal projects. El Salvador The IDB provided US$215M resources for (1) the development of the Berlin geothermal field through the construction of a 55MW power plant and (2) the operation and maintenance in Ahuachapan geothermal field to stabilize the geothermal energy production. Other relevant activities include the establishment, in collaboration with the Nordic Development Fund, National Energy Council, University of El Salvador and LaGeo, a geothermal training center that will enable the LAC countries to develop their capacities to efficiently exploit this renewable energy source (US$2M grant). Peru Strengthening the institutional capacity and regulatory framework for the promotion of renewable energy projects, including geothermal projects. Colombia IDB channeled own and Global Environment Facility resources (around US$3.5M grant) to facilitate surface exploration, pre-investment and EIA related studies in the Macizo Volcanico del Ruiz geothermal field. IDB and CTF resources will be deployed to finance the first geothermal plant of the country. Chile Geothermal Risk Mitigation Program (MiRiG). US$50 M CTF funds and IDB ordinary capital to finance the first geothermal plant in the country and in South America. Caribbean The IDB is working with several countries in the Eastern Caribbean with high geothermal potential in the establishment of a geothermal fund for exploration and development, using IDB and CTF resources and building up partnerships with other donors such as JICA.PDF Image | Promoting Geothermal Development
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