USTDA Supports Geothermal Power Plant in Colombia
September 2, 2014
(USTDA)
Builds Upon Activities in Renewable Energy and Smart Grid
MEDELLÍN, COLOMBIA – Last week, the U.S. Trade and Development Agency awarded a
grant to Empresas Públicas de Medellín E.S.P. (Public Enterprises of Medellín,
or EPM) to evaluate the technical, economic and financial feasibility of
constructing one or more geothermal power plants in Colombia's Nereidas Valley.
EPM is a multi-sector utility founded in 1955 that is owned entirely by the
Municipality of Medellín, the second largest city in Colombia. It is the largest
electric utility in Colombia and has subsidiaries that operate outside of its
home department of Antioquia as well as internationally.
"We are pleased to partner with EPM to advance one of Colombia's first
geothermal power plants, and we hope that, over time, geothermal power will
become a significant contributor to the country's energy matrix," said USTDA
Regional Director Nathan Younge. "This activity builds upon USTDA's support for
projects that will benefit from Colombia's new law on the integration of
non-conventional renewable energy – including a hybrid wind and solar study, a
demand side management pilot project and another geothermal activity."
EPM has selected Dewhurst Group LLC (Germantown, MD) to carry out the
feasibility study, which includes geologic conceptual modeling, site and
infrastructure engineering, and the computation and estimation of economic
performance. Dewhurst was first introduced to the project opportunity during
EPM's participation in a USTDA-sponsored geothermal reverse trade mission in
2011. The work performed by Dewhurst will provide EPM with the information
necessary to perform resource confirmation drilling and make the required
infrastructure upgrades to prepare for the procurement of a scalable electrical
power plant.
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