Nicaragua ready to work with Bolivia on geothermal energy - report

November 2 (SeeNews) - Nicaragua is ready to share its experience in geothermal energy with Bolivia to help develop the Laguna Colorada field in the Potosi department, Ernesto Martinez, CEO of Nicaraguan power company Empresa Nicaraguense de Electricidad (Enel), said Friday.

Bolivia wants to install an initial 50-MW geothermal plant at Laguna Colorada towards 2019.

Nicaragua has 32 years of experience in geothermal energy development and at least 170 MW of installed capacity. In return, the country is interested in oil and gas exploration and production, Martinez said at a meeting of the Latin American Energy Organisation, OLADE, in Bolivia, quoted by local news agency ABI.

Bolivia is planning to develop 400 MW of renewable energy in the next five years, including 50-MW solar parks in Oruro and Potosi, wind energy in Cochabamba and Santa Cruz, the 48-MW La Ventolera wind project in Tarija and hydro plants, according to deputy electricity minister Hortensia Jimenez.

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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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