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Colombia and Ecuador to jointly study geothermal feasibility of geothermal development

Macizo Volcanico del Ruiz, Columbia (source: Recursos Naturales de Colombia)
Alexander Richter 1 Feb 2012

The governments of Colombia and Ecuador sign a cooperation agreement to jointly study the feasibility of developing geothermal power project of up to 150 MW in a remote border region between the two countries, equally investing $4 million.

Reported today, “the governments of Colombia and Ecuador announced earlier this week that they will cooperate in studying the feasibility of developing geothermal power projects in a remote border region between the two countries with three active volcanoes.

Colombia’s mining and energy minister, Mauricio Cardenas, and Ecuador’s electricity and renewable energy minister, Esteban Albornoz Vintimilla, said they would contribute equally to the $4 million study with the aim of jointly developing a gethermal power facility generating up to 150 MW.

The ministers said in a joint statement after meeting in the Colombian capital Bogota that the three volcanoes to be studied are Chiles, Tufino and Cerro Negro, located in the western Andes of the two nations’ common border. The study will be complete by the end of 2013, they said.”

Source: Platts