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to-the-point: Japan supports new geothermal studies in Ecuador

February 18 (SeeNews) - Ecuador will launch a detailed pre-feasibility study at the Chachimbiro geothermal project in April thanks to a USD-7-million (EUR 6.3m) grant from Japan, the Andean nation's electricity ministry said on Tuesday.

Located in Urcuqui, Imbabura province, the field will be explored by the Termopichincha unit of state-owned power company Corporacion Electrica del Ecuador (Celec).

Chachimbiro is part of Ecuadorian-Japanese cooperation in renewable energy and energy efficiency, worth nearly USD 20 million. Among the projects is a photovoltaic facility with a storage system on the Galapagos Island of Baltra which would come into operation in March.

(USD 1 = EUR 0.899)

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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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