Catalytic Investments for Geothermal Power

Project Summary

The general objective is to promote and support catalytic investments for geothermal power in Colombia through the strengthening of its regulatory framework and the development and implementation of a demonstrative geothermal project in the Macizo Volcanico del Ruiz which will contribute to reduce and displace unrealized Greenhouse Gas Emissions. The specific objectives of the Project are to obtain: (i) a white paper policy to promote use of untapped non-conventional renewable energy (such as geothermal, wind and solar/PV) and specific policy and regulatory measures recommendations; (ii) a model of the geothermal resource in the two selected areas and its temperature; (iii) identification of the type of geothermal resource and its potential capacity; (iv) recommendations concerning the geothermal resource exploration and development; (v) environmental and sociological studies according to the scope of these activities and (vi) development and implementation of the geothermal project.

Project Details

GEF Project ID
4138
Project Type
Full-size Project
Status
Completed
Country
Colombia
Region
Focal Areas
Funding Source
GEF Trust Fund
Implementing Agencies
Inter-American Development Bank
Executing Agencies
ISAGEN S.A .E.S.P. (ISAGEN)
GEF Project Manager
Dimitrios Zevgolis |

Financials

Project Preparation Grant Amount
0 USD
GEF Project Grant
2,727,000 USD
Co-financing Total
192,900,000 USD
GEF Agency Fees
272,700 USD
Total Cost 195,627,000.00 USD

Project Timeline

Received by GEF
01 Oct 2009
Concept Approved
31 Mar 2010
Project Approved for Implementation
13 Jan 2011
Project closed
30 May 2015