Latin America: At Least 285 MW of Projected Geothermal Energy Capacity Boosted by GDF Awards

1st Call Results for Geothermal Development Facility for Latin America (GDF) (News Release)

The Geothermal Development Facility for Latin America (GDF) is pleased to announce grant awards for the first call of proposals. The results are:

4 Confirmation Drilling grants have been approved for:

• Colombia
• Guatemala
• Honduras

4 Surface Studies grants have been approved for:

• Bolivia
• Chile
• Ecuador
• Guatemala

These awards total an approximate cumulative funding of 22 million EUR from GDF, leveraging up to 1.6 billion EUR in future investments and generating at least 285 MW of projected capacity. Grant Agreement proceedings will begin immediately with approved applicants and the GDF looks forward to a successful round of negotiations. The 2nd round shall begin during the 4th quarter of 2017.

For more information, info@gdflac.com
Contact: Alan Beard, 703-752-5880 Extension 115

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