El Salvador to put up Center of Excellence for geothermal
In an IRENA event, plans of putting up an International Centre of Excellence for geothermal to be administered by state company LaGeo, were announced.
During the 23rd session of the International Renewable Agency (IRENA) Council, it was announced that state company LaGeo will establish an International Centre of Excellence for geothermal matters in El Salvador. This center will be used to promote continuous learning about geothermal resources.
Thanks to the good practices of the government, the energy sector of El Salvador has become beneficial for the country’s citizens and is no longer known as a center of corruption. Under the leadership of President Nayib Bukele, energy generation has become a vital part of El Salvador’s economic strategy.
The permanent representative of El Salvador to IRENA also reiterated the government’s commitment to developing the sustainable energy sector. “The Government of President Nayib Bukele reaffirms its total commitment to continue making all the necessary efforts and actions that contribute to adopting the sustainable use of renewable energies, being a country priority,” she said.
“Many of IRENA’s projects are being developed through CEL, the Government’s executing arm in energy matters. Once executed, they will provide key elements for their maximum renewable energy potential, contributing to the fight against climate change and improving people’s quality of life”, said Interiano. The Hydroelectric Commission of Lempa River (CEL) is the mother company of LaGeo.
El Salvador has been in the news a lot lately because of their plans of putting up a bitcoin city which will be powered by geothermal energy. There have also been announcements of plans to issue bitcoin bonds through LaGeo, although these plans have been delayed possibly until July.
Source: Revista Summa