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Unlocking Geothermal Power Eastern Caribbean Powerhouse

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Unlocking Geothermal Power Eastern Caribbean Powerhouse ( unlocking-geothermal-power-eastern-caribbean-powerhouse )

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3.4 Future Geothermal Projects in Nicaragua Three more concessions have been awarded in other geothermal areas; they are summarized in Table 3.5. Two commercial wells in El Hoyo–Monte Galán and one slim-hole in Managua–Chiltepe geothermal areas were drilled6, but these wells did not identify the geothermal anomaly because permeability was not found. Geotérmica Nicaragüense (GEONICA) was a consortium formed by ENEL Italy (60 percent) and LaGeo El Salvador (40 percent). It was liquidated following the settlement of a dispute between ENEL and Comisión Ejecutiva Hidroeléctrica del Río Lempa (CEL). GEONICA renounced both concessions in 2011, and Managua–Chiltepe was subsequently awarded to Alba Geotermia, an ALBA Group company. Table 3.5 El Hoyo–Monte–Galán Managua–Chiltepe Casita–San Cristóbal New Geothermal Concessions in Nicaragua 159 111 Consorcio Cerro 125 Colorado Power Geothermal Area Concession Holder Est. Potential (MW) GEONICA GEONICA Source: M. González, “Estado Actual del Desarrollo de los Recursos Geotérmicos en Nicaragua” (Instituto Italo-Latino Americano [IILA], San Salvador, Pisa, San José, April 2009–May 2010). In Casita–San Cristóbal, Cerro Colorado Power drilled a slim-hole to a depth of 850m, and found the steam cap of a geothermal system. This confirmed the commercial-size potential for a single-flash development in the field. Besides the development that has been taking place in the concession areas (such as the drilling of geothermal wells in both commercial and slim-hole formats), the Nicaraguan government has recently accepted a new geothermal study from the IDB/Nordic Development Fund (NDF) in Cosigüina and from JICA in the Caldera de Apoyo and Volcán Mombacho geothermal areas. These studies will provide a better understanding of the potential of those geothermal areas. The study on the Cosigüina volcano and the study on Caldera de Apoyo and Mombacho (financed by JICA) have already been completed. 6. M. González, “Estado Actual del Desarrollo de los Recursos Geotérmicos en Nicaragua” (Instituto Italo-Latino Americano [IILA], San Salvador, Pisa, San José, April 2009–May 2010). 26

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