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Costa Rica's ICE evaluates Bolivian geothermal project

February 27 (SeeNews) - A team of Costa Rican utility Instituto Costarricense de Electricidad (ICE) visited Bolivia's Laguna Colorada geothermal project on Wednesday as part of talks for a cooperation agreement between the two countries in the field of geothermal energy.

Bolivia plans to build a 100-MW plant in the Laguna Colorada area and has already obtained financing for drilling for the first 50-MW phase from Japan International Cooperation Agency (JICA).

ICE's experts confirmed the local potential for geothermal power generation, Bolivian president Evo Morales said after the visit in the southern Potosi department.

ICE has experience in geothermal energy. For 2015, the company estimates that 13.09% of the electricity in Costa Rica will come from geothermal plants, the second most important energy source in the country after hydro power, which represents 71.87%.

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Browse all articles from Diana Hristova

Diana Hristova is our expert for Latin America. She has spent several years following the diverse industries in the region, the energy sector most of all. Now Diana is exploring Latin America’s huge wind, solar, geothermal and hydropower potential.

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