Chile: Mannvit to Conduct Study of Geothermal Drilling Sector

World Bank Contract for Chile Geothermal Report (Mannvit)

Young lavas and drilling rig on Tolhuaca volcano, Chile,
Jim Stimac, Geoglobal Energy LLC, Santa Rosa, CA

The World Bank Group has awarded Icelandic company Mannvit, it’s Chile subsidiary GTN Latin America (GTNLA), local subcontractors and Fundación Chile a contract for “Technical Assistance for Geothermal Development in Chile”.

The project is for a comprehensive study of the Chilean drilling sector, including conducting a technical and economic analysis of alternatives to develop the geothermal sector at lower prices, doing a comparative analysis of other established geothermal drilling markets, and recommendations on how to increase the efficiency of the Chilean geothermal drilling sector to lower the hurdles for the geothermal developers in Chile.

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