The Colombian Nationwide Authorities hopes to begin the primary spherical of bidding for geothermal tasks, providing seven areas with excessive geothermal potential.
The Colombian Nationwide Authorities pronounces that it expects to begin the primary spherical of bidding for geothermal tasks within the nation. The decision will provide seven areas with excessive geothermal potential, positioned in volcanic areas of the Western and Central Cordillera, the place the Colombian Geological Service has recognized favorable situations for the usage of subsoil warmth for each electrical energy era and direct makes use of.
Though it had already been introduced in 2024, the president of the Nationwide Hydrocarbons Company (ANH) , Orlando Velandia, confirms that the public sale will happen within the first half of 2025, with the award scheduled for the second half of 2025.
“Over the previous few years we now have performed research with sources from the ANH and the Colombian Geological Service, along with establishing rules with the Ministry of Mines and Power. We now have the required parts to start these processes,” Velandia stated.
The seven areas to be auctioned within the first spherical are:
- Paipa (Boyacá)
- Iza (Boyacá)
- Machin Volcano (Tolima)
- Azufral Volcano (Nariño)
- San Diego (Caldas)
- Villamaria (Caldas)
- Sibundoy (Putumayo)
The Ministry of Mines and Power highlights that the participation of two varieties of traders within the public sale is anticipated: exploration builders and EPC (Engineering, Procurement, and Building) corporations, liable for the development and operation of the tasks.
Geothermal potential in Colombia
The Colombian Geological Service has recognized a number of areas with excessive geothermal potential in numerous areas of the nation. Geothermal vitality in Colombia may be developed each in sedimentary basins and in magmatic areas.
The Nationwide Authorities has established a regulatory framework that may permit the initiation of reconnaissance and prospecting actions, vital to substantiate the viability of geothermal sources. These measures search to strengthen the technical capability within the exploration and exploitation of the useful resource, with a concentrate on geological research, drilling and reservoir modeling.
“We’ve recognized the nation’s geothermal potential and we now have the rules to start the primary rounds of exploration. We hope that this yr geothermal vitality will advance considerably in Colombia,” stated Andrés Camacho, Minister of Mines and Power.
With this public sale, Colombia seeks to consolidate geothermal vitality as a viable vitality supply inside its vitality portfolio, selling its exploration and growth primarily based on geological information and out there applied sciences.
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