Latin America:

Tender Issued for Management of Geothermal Development Facility Latin America (TED)

The facility is hoped to develop up to 7 geothermal plants with a cumulative capacity of at least 350 MW

KfW — on behalf of the German Federal Government, the European Union and the Stakeholder Group — is inviting suppliers to submit a request to participate in the negotiated tendering procedure for the procurement of Fund Management services for the Geothermal Development Facility Latin America (GDF Latin America).

The GDF Latin America aims to overcome existing barriers for the development of geothermal energy in Latin America by providing among else (i) a tailored Geothermal Risk Mitigation Fund in order to mitigate geothermal resource risk during the exploratory drilling stage of the project as well as (ii) a Technical Assistance Forum in order to coordinate activities and programs of the GDF Latin America stakeholders with the respective partner governments. The GDF Latin America is the first coordinated multi-donor scheme to support geothermal energy on a regional scale in Latin America and will prove transformational in terms of promoting geothermal energy development in the region. It is expected to facilitate at the very minimum the development of up to 7 geothermal plants with a cumulative capacity of at least 350 MW and a total estimated investment volume of at least 1 000 000 000 EUR.

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